Polar Capital Global Financials (LON:PCFT) Reaches New 12-Month High - Here's What Happened

Key Points

• Polar Capital Global Financials recently hit a new 52-week high, trading at GBX 216.50 ($2.91) and closing at GBX 215.76 ($2.90) with a trading volume of 26,080 shares.
• The company reported a quarterly earnings per share (EPS) of GBX 3.26 ($0.04) and boasted a return on equity of 22.02% and a net margin of 91.44%.
• Founded in July 2013, the trust has transitioned to a structure of 5-yearly tender offers with no fixed end date, the first of which is expected on or before June 30, 2025.

Polar Capital Global Financials (LON:PCFT - Get Free Report)'s share price hit a new 52-week high during trading on Monday . The company traded as high as GBX 216.50 ($2.87) and last traded at GBX 215.76 ($2.86), with a volume of 26080 shares changing hands. The stock had previously closed at GBX 215 ($2.85).

Polar Capital Global Financials Stock Performance

The company has a debt-to-equity ratio of 12.23, a quick ratio of 0.68 and a current ratio of 17.44. The stock has a market cap of £660.12 million, a P/E ratio of 5.76 and a beta of 0.98. The company's 50 day moving average price is GBX 208.36 and its 200-day moving average price is GBX 201.67.

Polar Capital Global Financials (LON:PCFT - Get Free Report) last posted 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 net margin of 91.44% and a return on equity of 22.02%.

Polar Capital Global Financials Company Profile

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.