Polar Capital Global Financials (LON:PCFT) Hits New 1-Year High – Time to Buy?

Polar Capital Global Financials (LON:PCFT)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 201.98 ($2.46) and last traded at GBX 200 ($2.43), with a volume of 108148 shares traded. The stock had previously closed at GBX 198.60 ($2.42).

Polar Capital Global Financials Stock Performance

The company has a debt-to-equity ratio of 12.23, a quick ratio of 0.68 and a current ratio of 17.44. The stock has a market cap of £610.52 million, a PE ratio of 543.24 and a beta of 0.98. The business has a 50-day moving average of GBX 193.26 and a 200 day moving average of GBX 181.51.

Polar Capital Global Financials Company Profile

Polar Capital Global Financials Trust plc is a UK investment trust launched in July 2013, co-managed by Polar Capital’s John Yakas, Nick Brind and George Barrow. The Trust was initially launched with a fixed term life but in April 2020 moved to 5-yearly tender offers with no fixed end of life. The first of the regular tender offers will be on or before 30 June 2025.

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