Polar Capital (LON:POLR) Share Price Crosses Above 50-Day Moving Average of $522.32

Polar Capital Holdings plc (LON:POLR)’s stock price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $522.32 and traded as high as $554.00. Polar Capital shares last traded at $542.00, with a volume of 27,709 shares changing hands.

Several analysts recently weighed in on the company. Peel Hunt restated a “buy” rating and set a GBX 710 ($9.28) price target on shares of Polar Capital in a report on Thursday, October 10th. Peel Hunt restated a “buy” rating on shares of Polar Capital in a report on Monday, November 25th. Finally, Shore Capital restated a “buy” rating on shares of Polar Capital in a report on Monday, November 25th.

The company has a fifty day moving average of GBX 522.32 and a two-hundred day moving average of GBX 548.83. The company has a market cap of $521.69 million and a PE ratio of 10.51.

The firm also recently announced a dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, December 19th will be paid a GBX 8 ($0.10) dividend. The ex-dividend date of this dividend is Thursday, December 19th. This represents a yield of 1.52%. Polar Capital’s payout ratio is 0.64%.

Polar Capital Company Profile (LON:POLR)

Polar Capital Holdings plc is a publicly owned investment manager. The firm provides its services to professional and institutional investors. It launches and manages equity and balanced mutual funds. The firm also launches and manages hedge funds for its clients. Polar Capital Holdings plc was founded in December 2000 and is based in London, United Kingdom with an additional office in Tokyo, Japan.

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