Polar Capital Global Financials Trust (LON:PCFT) Stock Price Crosses Above Fifty Day Moving Average of $137.54

Polar Capital Global Financials Trust plc (LON:PCFT – Get Rating)’s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 137.54 ($1.71) and traded as high as GBX 138.76 ($1.73). Polar Capital Global Financials Trust shares last traded at GBX 137.60 ($1.71), with a volume of 203,292 shares changing hands.

Polar Capital Global Financials Trust Stock Performance

The company has a debt-to-equity ratio of 11.18, a current ratio of 8.72 and a quick ratio of 0.68. The company has a market capitalization of £445.72 million, a PE ratio of 6,870.00 and a beta of 0.98. The firm’s fifty day simple moving average is GBX 137.48 and its 200 day simple moving average is GBX 149.08.

Insider Buying and Selling at Polar Capital Global Financials Trust

In other news, insider Robert Kyprianou bought 241 shares of the stock in a transaction dated Monday, March 13th. The shares were acquired at an average cost of GBX 145 ($1.80) per share, with a total value of £349.45 ($434.64). 1.33% of the stock is owned by corporate insiders.

Polar Capital Global Financials Trust Company Profile

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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.