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

Polar Capital Global Financials (LON:PCFT)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 216.50 and last traded at GBX 216, with a volume of 738570 shares changing hands. The stock had previously closed at GBX 215.

Polar Capital Global Financials Price Performance

The firm has a market cap of £353.67 million, a P/E ratio of 6.56 and a beta of 0.98. The company has a fifty day moving average of GBX 210.19 and a 200-day moving average of GBX 208.26. The company has a debt-to-equity ratio of 12.23, a current ratio of 17.44 and a quick ratio of 0.68.

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.

PCFT aims to select the best investment opportunities from the world of financials.