Polar Capital Global Financials (LON:PCFT) Reaches New 52-Week High – Still a Buy?

Polar Capital Global Financials (LON:PCFT) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 222 and last traded at GBX 221.98, with a volume of 563029 shares trading hands. The stock had previously closed at GBX 218.50.

Polar Capital Global Financials Price Performance

The stock has a market cap of £366.00 million, a price-to-earnings ratio of 6.79 and a beta of 0.98. The company’s 50 day moving average is GBX 210.56 and its 200 day moving average is GBX 208.85. 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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