Polar Capital Global Financials (LON:PCFT) Share Price Crosses Below 50-Day Moving Average – Here’s What Happened

Polar Capital Global Financials (LON:PCFT) shares passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 211.58 ($2.89) and traded as low as GBX 208.50 ($2.85). Polar Capital Global Financials shares last traded at GBX 208.50 ($2.85), with a volume of 758,030 shares changing hands.

Polar Capital Global Financials Stock Up 0.5%

The stock has a market capitalization of £356.53 million, a price-to-earnings ratio of 640.67 and a beta of 0.98. The business has a fifty day moving average of GBX 211.58 and a 200 day moving average of GBX 203.41. 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 (LON:PCFT) last released its quarterly earnings data on Tuesday, July 15th. The company reported GBX 3.26 EPS for the quarter. Polar Capital Global Financials had a return on equity of 22.02% and a net margin of 91.44%.

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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