Polar Capital (LON:POLR) Stock Passes Below 200 Day Moving Average – Time to Sell?

Polar Capital Holdings plc (LON:POLR)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 540.25 ($7.03) and traded as low as GBX 492.50 ($6.41). Polar Capital shares last traded at GBX 508 ($6.61), with a volume of 134,031 shares trading hands.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft raised their price target on Polar Capital from GBX 510 ($6.64) to GBX 570 ($7.42) and gave the stock a “hold” rating in a report on Tuesday, September 3rd.

Polar Capital Trading Down 1.4 %

The company has a fifty day moving average of GBX 513.54 and a two-hundred day moving average of GBX 540.25. The company has a quick ratio of 2.45, a current ratio of 2.61 and a debt-to-equity ratio of 5.52. The stock has a market capitalization of £475.50 million, a price-to-earnings ratio of 1,209.52, a P/E/G ratio of 0.79 and a beta of 1.14.

About Polar Capital