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

Polar Capital Global Financials (LON:PCFT)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as GBX 228 and last traded at GBX 228, with a volume of 125404 shares changing hands. The stock had previously closed at GBX 225.50.

Polar Capital Global Financials Stock Performance

The business has a 50-day moving average of GBX 214.91 and a 200 day moving average of GBX 211.68. 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 company has a market cap of £373.30 million, a PE ratio of 6.97 and a beta of 0.98.

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.