Polar Capital (LON:POLR) Stock Price Crosses Above 50 Day Moving Average of $522.32

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Polar Capital Holdings plc (LON:POLR)’s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $522.32 and traded as high as $554.00. Polar Capital shares last traded at $542.00, with a volume of 27,709 shares changing hands.

Several analysts recently weighed in on POLR shares. Shore Capital reiterated a “buy” rating on shares of Polar Capital in a report on Monday, November 25th. Peel Hunt reiterated a “buy” rating on shares of Polar Capital in a report on Monday, November 25th. Finally, Peel Hunt restated a “buy” rating and set a GBX 710 ($9.28) target price on shares of Polar Capital in a report on Thursday, October 10th.

The firm has a 50-day moving average price of GBX 522.32 and a 200-day moving average price of GBX 548.83. The stock has a market cap of $521.69 million and a PE ratio of 10.51.

The business also recently declared a dividend, which will be paid on Friday, January 10th. Stockholders of record on Thursday, December 19th will be given a GBX 8 ($0.10) dividend. This represents a dividend yield of 1.52%. The ex-dividend date of this dividend is Thursday, December 19th. Polar Capital’s dividend payout ratio is presently 0.64%.

About Polar Capital (LON:POLR)

Polar Capital Holdings plc is a publicly owned investment manager. The firm provides its services to professional and institutional investors. It launches and manages equity and balanced mutual funds. The firm also launches and manages hedge funds for its clients. Polar Capital Holdings plc was founded in December 2000 and is based in London, United Kingdom with an additional office in Tokyo, Japan.

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