Pacific Horizon Investment Trust (LON:PHI) Hits New 52-Week High – What’s Next?

Shares of Pacific Horizon Investment Trust PLC (LON:PHI) hit a new 52-week high on Thursday . The stock traded as high as GBX 1,020.28 and last traded at GBX 1,016, with a volume of 165328 shares changing hands. The stock had previously closed at GBX 1,002.

Pacific Horizon Investment Trust Stock Performance

The stock has a market cap of £842.82 million, a price-to-earnings ratio of 3.56 and a beta of 0.77. The firm’s 50-day moving average price is GBX 935.16 and its two-hundred day moving average price is GBX 848.84.

Pacific Horizon Investment Trust (LON:PHI) last posted its quarterly earnings data 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.