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

Polar Capital Holdings plc (LON:POLR)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred 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.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft lifted their price objective 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 note on Tuesday, September 3rd.

Polar Capital Stock 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 stock’s 50-day moving average price is GBX 512.77 and its 200-day moving average price is GBX 539.92. The company has a current ratio of 2.61, a quick ratio of 2.45 and a debt-to-equity ratio of 5.52.

Polar Capital Company Profile