Pacific Horizon Investment Trust (LON:PHI) Shares Up 0.9% – Here’s Why

Pacific Horizon Investment Trust PLC (LON:PHI)’s share price shot up 0.9% on Friday . The company traded as high as GBX 578 ($7.18) and last traded at GBX 576 ($7.16). 291,310 shares traded hands during mid-day trading, an increase of 43% from the average session volume of 203,649 shares. The stock had previously closed at GBX 571 ($7.09).

Pacific Horizon Investment Trust Stock Up 0.9 %

The company has a debt-to-equity ratio of 8.63, a quick ratio of 3.86 and a current ratio of 3.32. The stock has a market cap of £521.57 million, a P/E ratio of 1,920.00 and a beta of 0.75. The firm’s 50-day moving average is GBX 571.97 and its two-hundred day moving average is GBX 591.12.

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.