Polar Capital (LON:POLR) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Polar Capital Holdings plc (LON:POLR)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 730.10 and traded as high as GBX 859. Polar Capital shares last traded at GBX 848, with a volume of 29,530,395 shares trading hands.

Analyst Upgrades and Downgrades

POLR has been the subject of several analyst reports. Royal Bank Of Canada increased their price target on shares of Polar Capital from GBX 670 to GBX 1,260 and gave the company an “outperform” rating in a research note on Monday, July 6th. Deutsche Bank Aktiengesellschaft lowered their price objective on Polar Capital from GBX 1,200 to GBX 1,100 and set a “buy” rating for the company in a research report on Thursday. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Polar Capital has a consensus rating of “Buy” and a consensus price target of GBX 995.

Polar Capital Stock Performance

The company has a current ratio of 2.53, a quick ratio of 2.45 and a debt-to-equity ratio of 2.69. The stock has a market capitalization of £812.66 million, a price-to-earnings ratio of 14.56, a price-to-earnings-growth ratio of 0.79 and a beta of 0.93. The firm’s fifty day moving average price is GBX 862.63 and its 200 day moving average price is GBX 732.65.

Polar Capital (LON:POLR) last posted its earnings results on Wednesday, July 1st. The company reported GBX 59.20 earnings per share for the quarter. Polar Capital had a net margin of 21.43% and a return on equity of 42.37%. Analysts forecast that Polar Capital Holdings plc will post 42.5061425 EPS for the current fiscal year.

Insider Buying and Selling at Polar Capital

In other news, insider Iain Evans sold 65,070 shares of Polar Capital stock in a transaction on Friday, July 17th. The stock was sold at an average price of GBX 882, for a total value of £573,917.40. Also, insider Samir Ayub sold 59,154 shares of Polar Capital stock in a transaction on Friday, July 17th. The shares were sold at an average price of GBX 882, for a total value of £521,738.28. Company insiders own 13.26% of the company’s stock.

About Polar Capital

Polar Capital Holdings plc is a publicly owned specialist, investment-led, active fund 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 2001 and is based in London, United Kingdom.