Polar Capital (LON:POLR) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Polar Capital Holdings plc (LON:POLR)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 539.16 ($6.79) and traded as low as GBX 497.50 ($6.27). Polar Capital shares last traded at GBX 512 ($6.45), with a volume of 125,817 shares traded.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft raised their price target on Polar Capital from GBX 510 ($6.43) to GBX 570 ($7.18) and gave the company a “hold” rating in a research report on Tuesday, September 3rd.

Polar Capital Stock Performance

The firm has a market cap of £485.94 million, a PE ratio of 1,219.05, a price-to-earnings-growth ratio of 0.79 and a beta of 1.14. The company has a 50 day simple moving average of GBX 512.36 and a 200-day simple moving average of GBX 539.09. The company has a debt-to-equity ratio of 5.52, a current ratio of 2.61 and a quick ratio of 2.45.

Polar Capital Company Profile