Pacific Horizon Investment Trust (LON:PHI) Stock Price Crosses Below 50 Day Moving Average – Here’s Why

Shares of Pacific Horizon Investment Trust PLC (LON:PHIGet Free Report) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 1,096.93 and traded as low as GBX 1,084.14. Pacific Horizon Investment Trust shares last traded at GBX 1,098, with a volume of 230,030 shares.

Pacific Horizon Investment Trust Stock Up 0.4%

The company has a 50-day moving average price of GBX 1,093.71 and a 200 day moving average price of GBX 1,045.30. The firm has a market capitalization of £853.09 million, a PE ratio of 3.79 and a beta of 1.19. The company has a debt-to-equity ratio of 7.41, a current ratio of 0.15 and a quick ratio of 3.85.

About Pacific Horizon Investment Trust

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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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