Pacific Horizon Investment Trust (LON:PHI) Reaches New 12-Month High - Time to Buy?

Key Points

• Pacific Horizon Investment Trust shares have reached a new 52-week high during mid-day trading, peaking at GBX 675 ($9.08), with the last trade at GBX 673.15 ($9.06).
• The company has a market capitalization of £602.94 million and a PE ratio of 22.56, with a notably low debt-to-equity ratio of 0.01.
• The Trust focuses on achieving capital growth by investing in the Asia Pacific region and the Indian Sub-continent, targeting companies believed to offer long-term capital appreciation.

Pacific Horizon Investment Trust PLC (LON:PHI - Get Free Report) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 675 ($9.12) and last traded at GBX 673.15 ($9.09), with a volume of 12911 shares trading hands. The stock had previously closed at GBX 670 ($9.05).

Pacific Horizon Investment Trust Trading Down 0.1%

The firm has a market capitalization of £578.12 million, a price-to-earnings ratio of 844.59 and a beta of 0.75. 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 firm's 50-day simple moving average is GBX 640.14 and its 200 day simple moving average is GBX 599.43.

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.