Pacific Horizon Investment Trust (LON:PHI) Sets New 1-Year High – Here’s Why

Pacific Horizon Investment Trust PLC (LON:PHIGet Free Report) shares reached a new 52-week high on Tuesday . The company traded as high as GBX 1,136 and last traded at GBX 1,126, with a volume of 200915 shares. The stock had previously closed at GBX 1,118.

Pacific Horizon Investment Trust Stock Performance

The stock’s 50 day simple moving average is GBX 948.62 and its two-hundred day simple moving average is GBX 861.96. The firm has a market capitalization of £896.32 million, a PE ratio of 3.84 and a beta of 1.25.

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

Pacific Horizon Investment Trust Company Profile

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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.

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