Pacific Horizon Investment Trust (LON:PHI) Trading Up 0.2% – Still a Buy?

Pacific Horizon Investment Trust PLC (LON:PHI) traded up 0.2% during mid-day trading on Friday . The stock traded as high as GBX 586 ($7.40) and last traded at GBX 581 ($7.33). 361,100 shares traded hands during mid-day trading, an increase of 92% from the average session volume of 188,161 shares. The stock had previously closed at GBX 580 ($7.32).

Pacific Horizon Investment Trust Stock Performance

The firm’s fifty day moving average price is GBX 577.01 and its 200-day moving average price is GBX 595.85. The company has a market cap of £526.10 million, a P/E ratio of 1,936.67 and a beta of 0.75. The company has a current ratio of 3.32, a quick ratio of 3.86 and a debt-to-equity ratio of 8.63.

Pacific Horizon Investment Trust Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, November 28th. Investors of record on Thursday, October 24th were paid a dividend of GBX 2.65 ($0.03) per share. The ex-dividend date of this dividend was Thursday, October 24th. This represents a yield of 0.47%. Pacific Horizon Investment Trust’s dividend payout ratio is 1,000.00%.

About Pacific Horizon Investment Trust

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.