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

Pacific Horizon Investment Trust PLC (LON:PHIGet Free Report) reached a new 52-week high on Monday . The stock traded as high as GBX 642 ($8.61) and last traded at GBX 639 ($8.57), with a volume of 9828 shares changing hands. The stock had previously closed at GBX 640 ($8.58).

Pacific Horizon Investment Trust Trading Down 0.2%

The stock has a fifty day moving average of GBX 602.70 and a 200-day moving average of GBX 584.29. 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 company has a market cap of £573.84 million, a PE ratio of 21.47 and a beta of 0.75.

About Pacific Horizon Investment Trust

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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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