Polar Capital (LON:POLR) Shares Cross Below 200-Day Moving Average – Should You Sell?

Shares of Polar Capital Holdings plc (LON:POLR) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 537.93 ($7.02) and traded as low as GBX 514 ($6.71). Polar Capital shares last traded at GBX 517 ($6.75), with a volume of 107,062 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Polar Capital from GBX 510 ($6.66) to GBX 570 ($7.44) and gave the stock a “hold” rating in a research note on Tuesday, September 3rd.

Polar Capital Price Performance

The company has a debt-to-equity ratio of 5.52, a quick ratio of 2.45 and a current ratio of 2.61. The company’s fifty day moving average price is GBX 522.80 and its 200 day moving average price is GBX 538.40. The firm has a market capitalization of £490.68 million, a price-to-earnings ratio of 1,230.95, a price-to-earnings-growth ratio of 0.79 and a beta of 1.14.

About Polar Capital