Polar Capital Global Financials (LON:PCFT) Sets New 52-Week High - Here's Why

Key Points

• Polar Capital Global Financials' shares reached a new 52-week high, trading at GBX 217 ($2.88), with a market cap of £658.06 million.
• The company reported a net margin of 91.44% and a return on equity of 22.02% in its most recent earnings, posting an EPS of GBX 3.26 ($0.04).
• Launched in July 2013, Polar Capital Global Financials operates with a model that includes 5-yearly tender offers, allowing for flexibility without a fixed end date.

Polar Capital Global Financials (LON:PCFT - Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 217 ($2.92) and last traded at GBX 216.19 ($2.91), with a volume of 26478 shares traded. The stock had previously closed at GBX 215 ($2.89).

Polar Capital Global Financials Stock Down 0.2%

The company has a debt-to-equity ratio of 12.23, a current ratio of 17.44 and a quick ratio of 0.68. The company has a market cap of £646.40 million, a P/E ratio of 5.64 and a beta of 0.98. The stock has a 50-day moving average of GBX 209.59 and a 200 day moving average of GBX 202.44.

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

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.