Polar Capital Global Financials (LON:PCFT) Stock Crosses Above 50 Day Moving Average – What’s Next?

Shares of Polar Capital Global Financials (LON:PCFT) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 228.37 and traded as high as GBX 234.56. Polar Capital Global Financials shares last traded at GBX 234, with a volume of 168,083 shares trading hands.

Polar Capital Global Financials Stock Performance

The stock has a 50-day moving average of GBX 228.37 and a 200 day moving average of GBX 217.54. The company has a debt-to-equity ratio of 12.23, a quick ratio of 0.68 and a current ratio of 17.44. The firm has a market capitalization of £380.73 million, a P/E ratio of 7.16 and a beta of 0.98.

About Polar Capital Global Financials

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.