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

Key Points

• Polar Capital Global Financials (LON:PCFT) has recently fallen below its 50-day moving average of GBX 211.65, trading at GBX 211.50 as of the latest session.
• The company reported a quarterly earnings per share of GBX 3.26 with a net margin of 91.44% and a return on equity of 22.02%.
• Polar Capital Global Financials Trust is structured for 5-yearly tender offers without a fixed end, with the first tender scheduled on or before June 30, 2025.

Polar Capital Global Financials (LON:PCFT - Get Free Report) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 211.65 ($2.82) and traded as low as GBX 210 ($2.80). Polar Capital Global Financials shares last traded at GBX 211.50 ($2.82), with a volume of 255,511 shares trading hands.

Polar Capital Global Financials Stock Down 0.1%

The business has a 50 day simple moving average of GBX 211.65 and a 200 day simple moving average of GBX 203.94. 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 stock has a market cap of £359.63 million, a PE ratio of 646.24 and a beta of 0.98.

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

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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