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Polar Capital Global Financials (LON:PCFT) Sets New 52-Week High - Here's Why

Polar Capital Global Financials logo with Financial Services background

Polar Capital Global Financials (LON:PCFT - Get Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 208.55 ($2.63) and last traded at GBX 208.55 ($2.63), with a volume of 314158 shares trading hands. The stock had previously closed at GBX 207 ($2.62).

Polar Capital Global Financials Price Performance

The company has a quick ratio of 0.68, a current ratio of 17.44 and a debt-to-equity ratio of 12.23. The firm has a market cap of £628.10 million, a price-to-earnings ratio of 5.48 and a beta of 0.98. The stock's 50 day moving average is GBX 198.73 and its 200 day moving average is GBX 187.57.

Polar Capital Global Financials (LON:PCFT - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported GBX 5.31 ($0.07) EPS for the quarter. Polar Capital Global Financials had a net margin of 91.44% and a return on equity of 22.02%.

Polar Capital Global Financials Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 9th. Investors of record on Thursday, February 6th will be issued a dividend of GBX 2.20 ($0.03) per share. This represents a yield of 1.09%. The ex-dividend date of this dividend is Thursday, February 6th. Polar Capital Global Financials's payout ratio is 13.31%.

Polar Capital Global Financials Company Profile

(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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