Pacific Horizon Investment Trust (LON:PHI) Trading Down 0.5% – Here’s What Happened

Pacific Horizon Investment Trust PLC (LON:PHI)’s stock price dropped 0.5% on Wednesday . The company traded as low as GBX 748 and last traded at GBX 750. Approximately 143,609 shares traded hands during mid-day trading, a decline of 22% from the average daily volume of 183,023 shares. The stock had previously closed at GBX 754.

Pacific Horizon Investment Trust Stock Down 0.5%

The firm has a market cap of £627.75 million, a P/E ratio of 15.38 and a beta of 0.75. The firm’s 50 day moving average is GBX 761 and its two-hundred day moving average is GBX 682.24. The company has a current ratio of 3.43, a quick ratio of 3.86 and a debt-to-equity ratio of 0.01.

Pacific Horizon Investment Trust (LON:PHI) last issued its earnings results on Tuesday, September 23rd. The company reported GBX 2.34 EPS for the quarter. Pacific Horizon Investment Trust had a net margin of 63.44% and a return on equity of 4.68%.

Pacific Horizon Investment Trust Company Profile

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.