Polar Capital Global Financials (LON:PCFT) Shares Cross Above 50-Day Moving Average – Here’s What Happened

Polar Capital Global Financials (LON:PCFT) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 187.63 ($2.37) and traded as high as GBX 195.75 ($2.47). Polar Capital Global Financials shares last traded at GBX 194 ($2.45), with a volume of 892,216 shares changing hands.

Polar Capital Global Financials Trading Down 0.2 %

The stock has a market capitalization of £589.26 million, a price-to-earnings ratio of 524.32 and a beta of 0.98. The company has a quick ratio of 0.68, a current ratio of 17.44 and a debt-to-equity ratio of 12.23. The company’s 50-day moving average is GBX 187.63 and its 200-day moving average is GBX 177.15.

About Polar Capital Global Financials

Polar Capital Global Financials Trust plc is a closed-ended equity mutual fund launched and managed by Polar Capital LLP. It invests in the public equity markets across the globe. The fund seeks to invest in stocks of companies operating in the financials sector. It invests in stocks of companies across all market capitalizations.