Polar Capital (LON:POLR) Stock Price Passes Below 200-Day Moving Average – Here’s What Happened

Polar Capital Holdings plc (LON:POLR) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 541.90 ($7.03) and traded as low as GBX 470.50 ($6.10). Polar Capital shares last traded at GBX 491.50 ($6.37), with a volume of 591,126 shares changing hands.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft upped their price target on Polar Capital from GBX 510 ($6.61) to GBX 570 ($7.39) and gave the stock a “hold” rating in a research report on Tuesday, September 3rd.

Polar Capital Stock Performance

The company has a current ratio of 2.61, a quick ratio of 2.45 and a debt-to-equity ratio of 5.52. The business’s 50 day moving average is GBX 516.85 and its two-hundred day moving average is GBX 541.72. The company has a market cap of £464.11 million, a PE ratio of 1,142.86, a PEG ratio of 0.79 and a beta of 1.14.

Polar Capital Company Profile