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Polar Capital Global Financials (LON:PCFT) Hits New 52-Week High - Time to Buy?

Polar Capital Global Financials logo with Financial Services background

Polar Capital Global Financials (LON:PCFT - Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 213.50 ($2.87) and last traded at GBX 213.01 ($2.86), with a volume of 11969 shares trading hands. The stock had previously closed at GBX 211.50 ($2.84).

Polar Capital Global Financials Stock Up 1.2%

The stock has a market capitalization of £650.97 million, a price-to-earnings ratio of 5.68 and a beta of 0.98. The firm's fifty day moving average is GBX 206.84 and its 200-day moving average is GBX 200.31. The company has a debt-to-equity ratio of 12.23, a current ratio of 17.44 and a quick ratio of 0.68.

Polar Capital Global Financials (LON:PCFT - Get Free Report) last posted its quarterly earnings results on Tuesday, July 15th. The company reported GBX 3.26 ($0.04) earnings per share (EPS) for the quarter. Polar Capital Global Financials had a net margin of 91.44% and a return on equity of 22.02%.

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.

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