Polar Capital Global Financials Trust (LON:PCFC) Trading Down 0.5% – Here’s Why

Polar Capital Global Financials Trust plc (LON:PCFC) traded down 0.5% during mid-day trading on Friday . The stock traded as low as GBX 103.50 ($1.30) and last traded at GBX 103.50 ($1.30). 14,900 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 104,209 shares. The stock had previously closed at GBX 104 ($1.30).

Polar Capital Global Financials Trust Stock Performance

The firm’s fifty day moving average price is GBX 103.50 and its 200-day moving average price is GBX 103.50. The company has a market cap of £315.13 million and a P/E ratio of 2.09. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 10.12.

About Polar Capital Global Financials Trust

Polar Capital Global Financials Trust plc is a closed-ended equity mutual fund launched and managed by Polar Capital LLP. It invests in the public equity markets across the globe. The fund seeks to invest in stocks of companies operating in the financials sector. It invests in stocks of companies across all market capitalizations.