Polar Capital Global Financials (LON:PCFT) Hits New 1-Year High – Here’s Why

Polar Capital Global Financials (LON:PCFTGet Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 234 and last traded at GBX 231.50, with a volume of 41293 shares changing hands. The stock had previously closed at GBX 232.

Polar Capital Global Financials Trading Down 0.2%

The company has a current ratio of 17.44, a quick ratio of 0.68 and a debt-to-equity ratio of 12.23. The firm has a market cap of £379.03 million, a price-to-earnings ratio of 7.08 and a beta of 0.98. The company has a fifty day moving average price of GBX 219.23 and a 200-day moving average price of GBX 213.20.

Polar Capital Global Financials Company Profile

(Get Free Report)

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.

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