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Pacific Horizon Investment Trust (LON:PHI) Sets New 12-Month High - Still a Buy?

Pacific Horizon Investment Trust logo with Financial Services background

Key Points

  • Pacific Horizon Investment Trust PLC shares reached a new 52-week high of GBX 650 ($8.64), trading at GBX 645.15 ($8.57) with a notable trading volume of 45,289 shares.
  • The company holds a strong liquidity position with a quick ratio of 3.86 and a current ratio of 3.43, alongside a low debt-to-equity ratio of 0.01.
  • Focused on capital growth, the Trust invests in the Asia Pacific region (excluding Japan) and the Indian Sub-continent, targeting companies with high long-term capital appreciation potential.
  • Need better tools to track Pacific Horizon Investment Trust? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Shares of Pacific Horizon Investment Trust PLC (LON:PHI - Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as GBX 650 ($8.74) and last traded at GBX 645.15 ($8.68), with a volume of 45289 shares. The stock had previously closed at GBX 643 ($8.65).

Pacific Horizon Investment Trust Stock Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.86 and a current ratio of 3.43. The stock's fifty day moving average is GBX 618.02 and its two-hundred day moving average is GBX 590.90. The firm has a market cap of £587.31 million, a price-to-earnings ratio of 21.97 and a beta of 0.75.

About Pacific Horizon Investment Trust

(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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