Pacific Horizon Investment Trust (LON:PHI) Reaches New 52-Week High - What's Next?

Key Points

• Pacific Horizon Investment Trust PLC shares reached a new 52-week high at GBX 738 ($9.91), with trading volume totaling 30,452 shares.
• The company's debt-to-equity ratio stands at 0.01, indicating very low leverage and signifying strong financial stability.
• For the recent quarter, Pacific Horizon reported an earnings per share (EPS) of GBX 2.34 and achieved a net margin of 63.44%.

Shares of Pacific Horizon Investment Trust PLC (LON:PHI - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 738 ($9.91) and last traded at GBX 738 ($9.91), with a volume of 30452 shares. The stock had previously closed at GBX 735 ($9.87).

Pacific Horizon Investment Trust Stock Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 3.43 and a quick ratio of 3.86. The company has a 50 day simple moving average of GBX 678.42 and a 200-day simple moving average of GBX 617.63. The stock has a market cap of £625.33 million, a P/E ratio of 920.93 and a beta of 0.75.

Pacific Horizon Investment Trust (LON:PHI - Get Free Report) last released its quarterly earnings results on Tuesday, September 23rd. The company reported GBX 2.34 EPS for the quarter. Pacific Horizon Investment Trust had a return on equity of 4.68% and a net margin of 63.44%.

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.

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