Polar Capital Global Financials (LON:PCFT) Sets New 52-Week High - Still a Buy?


Polar Capital Global Financials (LON:PCFT) Sets New 52-Week High  - Still a Buy?

Polar Capital Global Financials (LON:PCFT - Get Free Report)'s share price reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 181.13 ($2.37) and last traded at GBX 181.13 ($2.37), with a volume of 32307 shares changing hands. The stock had previously closed at GBX 179.80 ($2.35).

The stock has a market cap of £548.26 million, a PE ratio of 485.95 and a beta of 0.98. The firm has a 50-day simple moving average of GBX 175.18 and a 200-day simple moving average of GBX 170.07. The company has a quick ratio of 0.68, a current ratio of 17.44 and a debt-to-equity ratio of 12.23.

Polar Capital Global Financials Trust plc is a closed-ended equity mutual fund launched and managed by Polar Capital LLP. It invests in the public equity markets across the globe. The fund seeks to invest in stocks of companies operating in the financials sector. It invests in stocks of companies across all market capitalizations.

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While Polar Capital Global Financials currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

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