Pacific Horizon Investment Trust (LON:PHI) Hits New 52-Week High - Still a Buy?

Key Points

• Pacific Horizon Investment Trust PLC reached a new 52-week high of GBX 654 ($8.79) as of Monday, with 92,806 shares traded.
• The company boasts a strong financial position, indicated by its debt-to-equity ratio of 0.01 and a current ratio of 3.43.
• This investment trust focuses on achieving capital growth through investments in the Asia Pacific region (excluding Japan) and the Indian Subcontinent.

Pacific Horizon Investment Trust PLC (LON:PHI - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The stock traded as high as GBX 654 ($8.85) and last traded at GBX 654 ($8.85), with a volume of 92806 shares changing hands. The stock had previously closed at GBX 654 ($8.85).

Pacific Horizon Investment Trust Stock Performance

The firm's fifty day moving average price is GBX 624.02 and its 200 day moving average price is GBX 592.91. The company has a current ratio of 3.43, a quick ratio of 3.86 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of £597.08 million, a PE ratio of 22.34 and a beta of 0.75.

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.