Pacific Horizon Investment Trust (LON:PHI) Sets New 12-Month High – Here’s Why

Pacific Horizon Investment Trust PLC (LON:PHI)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 1,014 and last traded at GBX 1,006.66, with a volume of 202893 shares. The stock had previously closed at GBX 995.

Pacific Horizon Investment Trust Stock Performance

The stock has a market capitalization of £824.81 million, a price-to-earnings ratio of 3.48 and a beta of 1.25. The business has a 50-day moving average of GBX 928.48 and a 200-day moving average of GBX 842.82.

Pacific Horizon Investment Trust (LON:PHI) last posted its quarterly earnings results on Wednesday, March 11th. The company reported GBX (1.22) earnings per share for the quarter. Pacific Horizon Investment Trust had a net margin of 97.19% and a return on equity of 34.20%.

Pacific Horizon Investment Trust Company Profile

The Trust aims to achieve capital growth through investment in the Asia Pacific region (excluding Japan) and the Indian Sub-continent. The portfolio contains companies which have been identified as offering the potential for long-term capital appreciation, irrespective of whether they comprise part of any index. Country and sector weightings are a consequence of the index agnostic approach to stock selection. In constructing the equity portfolio a spread of risk is achieved by diversification and the portfolio will typically consist of between 40–120 companies.