Polar Capital (LON:POLR) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

Polar Capital Holdings plc (LON:POLRGet Free Report) shares crossed 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 trading hands.

Wall Street Analysts Forecast Growth

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

View Our Latest Stock Report on Polar Capital

Polar Capital Price 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 firm has a market cap of £478.04 million, a PE ratio of 1,170.24, a price-to-earnings-growth ratio of 0.79 and a beta of 1.14. The stock has a 50 day simple moving average of GBX 518.41 and a 200-day simple moving average of GBX 541.90.

Polar Capital Company Profile

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