Pacific Horizon Investment Trust (LON:PHI) Share Price Crosses Below Fifty Day Moving Average – Time to Sell?

Pacific Horizon Investment Trust PLC (LON:PHIGet Free Report)’s share price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 1,119.27 and traded as low as GBX 1,044. Pacific Horizon Investment Trust shares last traded at GBX 1,058, with a volume of 107,255 shares.

Pacific Horizon Investment Trust Stock Performance

The firm’s 50 day simple moving average is GBX 1,117.55 and its 200-day simple moving average is GBX 1,013.20. The company has a debt-to-equity ratio of 7.41, a quick ratio of 3.85 and a current ratio of 0.15. The company has a market capitalization of £882.49 million, a price-to-earnings ratio of 3.88 and a beta of 1.27.

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. Country and sector weightings are a consequence of the index agnostic approach to stock selection. In constructing the equity portfolio a spread of risk is achieved by diversification and the portfolio will typically consist of between 40–120 companies.

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