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Pacific Horizon Investment Trust (LON:PHI) Sets New 12-Month High - What's Next?

Pacific Horizon Investment Trust logo with Financial Services background

Key Points

  • Pacific Horizon Investment Trust (LON:PHI) reached a new 12-month high of GBX 709 ($9.61) during trading, reflecting a significant increase in interest.
  • The investment trust focuses on achieving capital growth through investments in the Asia Pacific region and Indian Sub-continent, seeking companies with long-term capital appreciation potential.
  • With a market cap of £602.39 million, the trust has a notably high price-to-earnings ratio of 887.14, which may raise questions regarding its valuation.
  • Interested in Pacific Horizon Investment Trust? Here are five stocks we like better.

Shares of Pacific Horizon Investment Trust PLC (LON:PHI - Get Free Report) reached a new 52-week high on Monday . The stock traded as high as GBX 709 ($9.61) and last traded at GBX 708.56 ($9.60), with a volume of 4218 shares trading hands. The stock had previously closed at GBX 709 ($9.61).

Pacific Horizon Investment Trust Price Performance

The firm has a market capitalization of £621.93 million, a price-to-earnings ratio of 915.92 and a beta of 0.75. The company has a fifty day moving average price of GBX 664.08 and a two-hundred day moving average price of GBX 609.47. The company has a quick ratio of 3.86, a current ratio of 3.43 and a debt-to-equity ratio of 0.01.

Pacific Horizon Investment Trust Company Profile

(Get Free Report)

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.

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