Polar Capital Global Financials (LON:PCFT) Hits New 52-Week High – Should You Buy?

Polar Capital Global Financials (LON:PCFT)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 204.50 ($2.53) and last traded at GBX 204 ($2.52), with a volume of 24744 shares traded. The stock had previously closed at GBX 201.50 ($2.49).

Polar Capital Global Financials Price Performance

The company has a 50-day moving average of GBX 194.08 and a 200 day moving average of GBX 182.43. The company has a quick ratio of 0.68, a current ratio of 17.44 and a debt-to-equity ratio of 12.23. The stock has a market capitalization of £614.46 million, a PE ratio of 546.75 and a beta of 0.98.

About Polar Capital Global Financials

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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