Pacific Horizon Investment Trust (LON:PHI) Stock Price Passes Below Fifty Day Moving Average – Here’s What Happened

Posted by ABMN Staff on Nov 1st, 2024

Pacific Horizon Investment Trust PLC (LON:PHI – Get Free Report) shares crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 581.33 ($7.54) and traded as low as GBX 568 ($7.37). Pacific Horizon Investment Trust shares last traded at GBX 573 ($7.43), with a volume of 62,563 shares.

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 £523.38 million, a price-to-earnings ratio of 1,910.00 and a beta of 0.75. The business’s 50 day simple moving average is GBX 581.33 and its 200-day simple moving average is GBX 608.65.

Pacific Horizon Investment Trust Cuts Dividend

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