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Polar Capital Global Financials (LON:PCFT) Reaches New 1-Year High - Here's Why

Polar Capital Global Financials logo with Financial Services background

Polar Capital Global Financials (LON:PCFT - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 215 ($2.88) and last traded at GBX 213 ($2.86), with a volume of 167494 shares trading hands. The stock had previously closed at GBX 213.50 ($2.86).

Polar Capital Global Financials Stock Performance

The stock has a market capitalization of £649.45 million, a P/E ratio of 5.67 and a beta of 0.98. The company has a 50 day simple moving average of GBX 207.10 and a 200-day simple moving average of GBX 200.58. 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 issued its 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 return on equity of 22.02% and a net margin of 91.44%.

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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