Polar Capital Global Financials (LON:PCFT) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

Polar Capital Global Financials (LON:PCFT)’s stock price passed 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 traded.

Polar Capital Global Financials Price Performance

The stock has a market cap of £380.73 million, a P/E ratio of 7.16 and a beta of 0.98. The business’s 50 day moving average price is GBX 228.37 and its two-hundred day moving average price is GBX 217.48. The company has a current ratio of 17.44, a quick ratio of 0.68 and a debt-to-equity ratio of 12.23.

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.