Pacific Horizon Investment Trust (LON:PHI) Shares Up 5.1% – Should You Buy?

Shares of Pacific Horizon Investment Trust PLC (LON:PHI) traded up 5.1% during mid-day trading on Wednesday . The company traded as high as GBX 907 and last traded at GBX 900. 204,543 shares traded hands during mid-day trading, a decline of 8% from the average session volume of 221,365 shares. The stock had previously closed at GBX 856.

Pacific Horizon Investment Trust Stock Performance

The stock has a market cap of £733.68 million, a PE ratio of 18.15 and a beta of 1.13. The company’s 50 day moving average is GBX 908.89 and its 200-day moving average is GBX 818.42.

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