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Pacific Horizon Investment Trust (LON:PHI) Stock Price Passes Below 50 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) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 573.92 ($7.68) and traded as low as GBX 537 ($7.19). Pacific Horizon Investment Trust shares last traded at GBX 543 ($7.27), with a volume of 306,653 shares traded.

Pacific Horizon Investment Trust Stock Up 0.6 %

The stock has a fifty day moving average of GBX 571.94 and a 200-day moving average of GBX 576.51. The firm has a market capitalization of £490.32 million, a price-to-earnings ratio of 18.34 and a beta of 0.75. 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 - Get Free Report) last released its quarterly earnings results on Wednesday, March 12th. The company reported GBX 0.52 ($0.01) earnings per share (EPS) for the quarter. Pacific Horizon Investment Trust had a net margin of 63.44% and a return on equity of 4.68%.

About Pacific Horizon Investment Trust

(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.

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