Polar Capital Global Financials (LON:PCFT) Sets New 12-Month High – Still a Buy?

Polar Capital Global Financials (LON:PCFT) shares hit a new 52-week high on Tuesday . The stock traded as high as GBX 211 ($2.86) and last traded at GBX 211 ($2.86), with a volume of 98358 shares trading hands. The stock had previously closed at GBX 209.50 ($2.84).

Polar Capital Global Financials Stock Performance

The stock has a market cap of £637.66 million, a P/E ratio of 5.57 and a beta of 0.98. The firm’s 50-day moving average is GBX 197.01 and its two-hundred day moving average is GBX 197.72. The company has a quick ratio of 0.68, a current ratio of 17.44 and a debt-to-equity ratio of 12.23.

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.