Pacific Horizon Investment Trust (LON:PHI) Shares Climb 0.9% – Here’s What Happened

Shares of Pacific Horizon Investment Trust PLC (LON:PHI) rose 0.9% on Wednesday. The stock traded as high as GBX 982 and last traded at GBX 970. 92,796 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 288,374 shares. The stock had previously closed at GBX 961.

Pacific Horizon Investment Trust Stock Performance

The company has a current ratio of 0.10, a quick ratio of 3.85 and a debt-to-equity ratio of 4.03. The firm has a market capitalization of £746.75 million, a price-to-earnings ratio of 2.10 and a beta of 1.19. The stock has a fifty day moving average price of GBX 1,078.39 and a 200-day moving average price of GBX 1,035.17.

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

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.