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Polar Capital Global Financials (LON:PCFT) Share Price Passes Below 50 Day Moving Average - What's Next?

Polar Capital Global Financials logo with Financial Services background

Key Points

  • Shares of Polar Capital Global Financials (LON:PCFT) crossed below its 50-day moving average, trading as low as GBX 208.50 ($2.85) during recent sessions.
  • The company reported earnings of GBX 3.26 EPS for the latest quarter, with a return on equity of 22.02% and a net margin of 91.44%.
  • Polar Capital Global Financials operates as an investment trust that focuses on selecting the best investment opportunities within the financial sector and has a market capitalization of £356.53 million.
  • MarketBeat previews the top five stocks to own by November 1st.

Polar Capital Global Financials (LON:PCFT - Get Free Report)'s share price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 211.58 ($2.85) and traded as low as GBX 208.50 ($2.81). Polar Capital Global Financials shares last traded at GBX 208.50 ($2.81), with a volume of 758,030 shares changing hands.

Polar Capital Global Financials Stock Performance

The company has a market cap of £357.38 million, a PE ratio of 642.20 and a beta of 0.98. 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 business has a 50-day moving average of GBX 211.56 and a 200 day moving average of GBX 203.58.

Polar Capital Global Financials (LON:PCFT - Get Free Report) last posted its quarterly earnings data on Tuesday, July 15th. The company reported GBX 3.26 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

(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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