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

Polar Capital Global Financials (LON:PCFT) reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 228 and last traded at GBX 228, with a volume of 125404 shares traded. The stock had previously closed at GBX 225.50.

Polar Capital Global Financials Stock Performance

The business has a 50-day moving average price of GBX 215.68 and a 200-day moving average price of GBX 211.96. The company has a quick ratio of 0.68, a current ratio of 17.44 and a debt-to-equity ratio of 12.23. The firm has a market capitalization of £376.57 million, a price-to-earnings ratio of 7.03 and a beta of 0.98.

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.

PCFT aims to select the best investment opportunities from the world of financials. The investment team scours the globe and actively invests in developed regions such as the US as well as emerging economies and Asia.