Polar Capital (LON:POLR) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

Shares of Polar Capital Holdings plc (LON:POLR) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred 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 changing hands.

Analyst Upgrades and Downgrades

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

Polar Capital Trading Up 2.2 %

The firm has a 50-day moving average price of GBX 512.05 and a 200-day moving average price of GBX 539.16. The stock 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 debt-to-equity ratio of 5.52, a quick ratio of 2.45 and a current ratio of 2.61.

About Polar Capital