Pacific Horizon Investment Trust (LON:PHI) Reaches New 1-Year High – Still a Buy?

Pacific Horizon Investment Trust PLC (LON:PHI)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as GBX 1,136 and last traded at GBX 1,126, with a volume of 200915 shares changing hands. The stock had previously closed at GBX 1,118.

Pacific Horizon Investment Trust Stock Performance

The company has a fifty day moving average of GBX 954.62 and a two-hundred day moving average of GBX 867.13. The company has a market cap of £924.45 million, a PE ratio of 3.96 and a beta of 1.26.

Pacific Horizon Investment Trust (LON:PHI) last released its quarterly earnings results 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.