Polar Capital Global Financials (LON:PCFT) Stock Crosses Below 50 Day Moving Average - Time to Sell?

Key Points

• The stock of Polar Capital Global Financials (LON:PCFT) has recently crossed below its 50-day moving average, signaling potential concerns among investors.
• As of the latest trading session, Polar Capital shares were priced at GBX 212 ($2.85) with a low of GBX 209.50 ($2.82) and a market capitalization of £643.06 million.
• The company reported a 91.44% net margin and a 22.02% return on equity, indicating strong profitability despite recent stock performance.

Shares of Polar Capital Global Financials (LON:PCFT - Get Free Report) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 210.09 ($2.83) and traded as low as GBX 209.50 ($2.82). Polar Capital Global Financials shares last traded at GBX 212 ($2.85), with a volume of 268,634 shares traded.

Polar Capital Global Financials Stock Performance

The company has a 50-day moving average price of GBX 210.09 and a two-hundred day moving average price of GBX 202.90. The company has a current ratio of 17.44, a quick ratio of 0.68 and a debt-to-equity ratio of 12.23. The stock has a market capitalization of £643.06 million, a P/E ratio of 5.61 and a beta of 0.98.

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 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%.

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.

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