Polar Capital Global Financials (LON:PCFT) Sets New 1-Year High – Here’s What Happened

Polar Capital Global Financials (LON:PCFT)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 239 and last traded at GBX 238.50, with a volume of 319389 shares. The stock had previously closed at GBX 238.50.

Polar Capital Global Financials Price Performance

The firm has a 50-day simple moving average of GBX 221.09 and a two-hundred day simple moving average of GBX 214.06. The company has a market capitalization of £390.49 million, a price-to-earnings ratio of 7.29 and a beta of 0.98. The company has a current ratio of 17.44, a quick ratio of 0.68 and a debt-to-equity ratio of 12.23.

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.