Polar Capital Global Financials (LON:PCFT) Sets New 12-Month High – Still a Buy?

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 211 ($2.86) and last traded at GBX 211 ($2.86), with a volume of 98358 shares. The stock had previously closed at GBX 209.50 ($2.84).

Polar Capital Global Financials Stock Performance

The firm’s 50 day moving average price is GBX 197.01 and its 200-day moving average price is GBX 197.72. The firm has a market cap of £637.66 million, a price-to-earnings ratio of 5.57 and a beta of 0.98. 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 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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