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Pacific Horizon Investment Trust (LON:PHI) Stock Price Crosses Below Fifty Day Moving Average - Here's What Happened

Pacific Horizon Investment Trust logo with Financial Services background

Pacific Horizon Investment Trust PLC (LON:PHI - Get Free Report) shares passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 584.43 ($7.63) and traded as low as GBX 580 ($7.57). Pacific Horizon Investment Trust shares last traded at GBX 586 ($7.65), with a volume of 224,884 shares trading hands.

Pacific Horizon Investment Trust Price Performance

The company has a quick ratio of 3.86, a current ratio of 3.32 and a debt-to-equity ratio of 8.63. The stock has a market capitalization of £527.00 million, a PE ratio of 1,960.00 and a beta of 0.75. The stock's 50-day moving average is GBX 584.43 and its 200 day moving average is GBX 609.30.

Pacific Horizon Investment Trust Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, November 28th. Stockholders of record on Thursday, October 24th will be paid a GBX 2.65 ($0.03) dividend. This represents a dividend yield of 0.47%. The ex-dividend date of this dividend is Thursday, October 24th. Pacific Horizon Investment Trust's payout ratio is 1,000.00%.

About Pacific Horizon Investment Trust

(Get Free Report)

Pacific Horizon Investment Trust PLC is a closed-ended equity mutual fund launched and managed by Baillie Gifford & Co Ltd. The fund is co-managed by Baillie Gifford & Co It invests in the public equity markets of the Asia Pacific region (excluding Japan) and of the Indian Sub-continent. The fund seeks to invest in stocks of companies across diversified sectors.

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