Pacific Horizon Investment Trust (LON:PHI) Hits New 1-Year High – Here’s What Happened

Pacific Horizon Investment Trust PLC (LON:PHI) hit a new 52-week high 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 traded. The stock had previously closed at GBX 995.

Pacific Horizon Investment Trust Trading Up 1.1%

The firm has a market cap of £826.39 million, a P/E ratio of 3.49 and a beta of 1.25. The business has a 50 day moving average of GBX 926.43 and a two-hundred day moving average of GBX 840.79.

Pacific Horizon Investment Trust (LON:PHI) last issued 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.