Pacific Horizon Investment Trust (LON:PHI) Hits New 1-Year High - Here's What Happened

Key Points

• Pacific Horizon Investment Trust hit a new 52-week high, trading as high as GBX 1,014 and last at GBX 1,006.66 on volume of 202,893 shares, up about 1.1%.
• The trust has a market cap of £826.39 million, a P/E ratio of 3.49 and beta of 1.25, trading above its 50-day (GBX 926.43) and 200-day (GBX 840.79) moving averages.
• It aims for capital growth through investments in the Asia Pacific (excluding Japan) region and the Indian sub-continent with a diversified 40–120 stock portfolio; its latest quarterly EPS was GBX (1.22) while reporting a net margin of 97.19% and ROE of 34.20%.

Pacific Horizon Investment Trust PLC (LON:PHI - Get Free Report) hit a new 52-week high on Friday . The company traded as high as GBX 1,014 and last traded at GBX 1,006.66, with a volume of 202893 shares traded. The stock had previously closed at GBX 995.

Pacific Horizon Investment Trust Trading Up 1.1%

The firm has a market cap of £826.39 million, a P/E ratio of 3.49 and a beta of 1.25. The business has a 50 day moving average of GBX 926.43 and a two-hundred day moving average of GBX 840.79.

Pacific Horizon Investment Trust (LON:PHI - Get Free Report) last issued 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.

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