Pacific Horizon Investment Trust (LON:PHI) Shares Down 0.2% – Should You Sell?

Shares of Pacific Horizon Investment Trust PLC (LON:PHI) dropped 0.2% during mid-day trading on Wednesday. The stock traded as low as GBX 1,052 and last traded at GBX 1,066. Approximately 140,339 shares were traded during mid-day trading, a decline of 50% from the average daily volume of 278,956 shares. The stock had previously closed at GBX 1,068.

Pacific Horizon Investment Trust Stock Down 0.2%

The firm’s 50-day simple moving average is GBX 1,111.83 and its 200 day simple moving average is GBX 1,085.17. The company has a debt-to-equity ratio of 4.03, a quick ratio of 3.85 and a current ratio of 0.10. The stock has a market capitalization of £820.66 million, a P/E ratio of 2.31 and a beta of 1.19.

Pacific Horizon Investment Trust (LON:PHI) last announced its quarterly earnings data on Wednesday, September 23rd. The company reported GBX 1.28 earnings per share for the quarter. Pacific Horizon Investment Trust had a return on equity of 43.97% and a net margin of 97.56%.

About Pacific Horizon Investment Trust

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.