Polar Capital Global Financials (LON:PCFT) Hits New 1-Year High – Here’s Why

Polar Capital Global Financials (LON:PCFT)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 185 ($2.41) and last traded at GBX 181.80 ($2.37), with a volume of 15040 shares changing hands. The stock had previously closed at GBX 181.20 ($2.36).

Polar Capital Global Financials Stock Performance

The stock has a market capitalization of £572.85 million, a P/E ratio of 510.81 and a beta of 0.98. The stock’s 50-day simple moving average is GBX 177.82 and its 200 day simple moving average is GBX 172.13. The company has a debt-to-equity ratio of 12.23, a current ratio of 17.44 and a quick ratio of 0.68.

Polar Capital Global Financials Company Profile

Polar Capital Global Financials Trust plc is a closed-ended equity mutual fund launched and managed by Polar Capital LLP. It invests in the public equity markets across the globe. The fund seeks to invest in stocks of companies operating in the financials sector. It invests in stocks of companies across all market capitalizations.