Pacific Horizon Investment Trust (LON:PHI) Hits New 1-Year High - Here's What Happened

Pacific Horizon Investment Trust PLC (LON:PHI - Get Free Report) hit a new 52-week high on Friday . The company traded as high as GBX 1,014 and last traded at GBX 1,006.66, with a volume of 202893 shares traded. The stock had previously closed at GBX 995.Pacific Horizon Investment Trust Trading Up 1.1%The firm has a market cap of £826.39 million, a P/E ratio of 3.49 and a beta of 1.25. The business has a 50 day moving average of GBX 926.43 and a two-hundred day moving average of GBX 840.79. Pacific Horizon Investment Trust (LON:PHI - Get Free Report) last issued its quarterly earnings data on Wednesday, March 11th. The company reported GBX (1.22) earnings per share for the quarter. Pacific Horizon Investment Trust had a net margin of 97.19% and a return on equity of 34.20%. Pacific Horizon Investment Trust Company Profile (Get Free Report)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.See AlsoFive stocks we like better than Pacific Horizon Investment TrustThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Pacific Horizon Investment Trust Right Now?Before you consider Pacific Horizon Investment Trust, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Pacific Horizon Investment Trust wasn't on the list.While Pacific Horizon Investment Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here