Pacific Horizon Investment Trust (LON:PHI) Stock Crosses Above 50 Day Moving Average – Should You Sell?

Pacific Horizon Investment Trust PLC (LON:PHI)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 1,108.81 and traded as high as GBX 1,122. Pacific Horizon Investment Trust shares last traded at GBX 1,116, with a volume of 160,167 shares changing hands.

Pacific Horizon Investment Trust Price Performance

The company has a market cap of £870.25 million, a PE ratio of 3.87 and a beta of 1.19. The company has a quick ratio of 3.85, a current ratio of 0.15 and a debt-to-equity ratio of 7.41. The stock has a 50-day simple moving average of GBX 1,108.81 and a 200 day simple moving average of GBX 1,031.09.

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.