Polar Capital (LON:POLR) Shares Pass Below 200 Day Moving Average – Here’s What Happened

Shares of Polar Capital Holdings plc (LON:POLR) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 540.25 ($7.03) and traded as low as GBX 492.50 ($6.41). Polar Capital shares last traded at GBX 508 ($6.61), with a volume of 134,031 shares traded.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft raised their target price on shares of Polar Capital from GBX 510 ($6.64) to GBX 570 ($7.42) and gave the company a “hold” rating in a research report on Tuesday, September 3rd.

Polar Capital Trading Down 2.5 %

The company has a market cap of £470.28 million, a P/E ratio of 1,179.76, a PEG ratio of 0.79 and a beta of 1.14. The firm’s 50 day moving average is GBX 512.77 and its two-hundred day moving average is GBX 539.92. The company has a quick ratio of 2.45, a current ratio of 2.61 and a debt-to-equity ratio of 5.52.

Polar Capital Company Profile