Polar Capital (LON:POLR) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Polar Capital Holdings plc (LON:POLR) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 541.06 ($7.02) and traded as low as GBX 506.94 ($6.58). Polar Capital shares last traded at GBX 515 ($6.69), with a volume of 194,256 shares changing hands.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft upped their target price on shares of Polar Capital from GBX 510 ($6.62) to GBX 570 ($7.40) and gave the stock a “hold” rating in a report on Tuesday, September 3rd.

Polar Capital Stock Down 2.2 %

The company’s 50 day simple moving average is GBX 521.71 and its 200-day simple moving average is GBX 541.80. 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 firm has a market capitalization of £469.80 million, a PE ratio of 1,178.57, a PEG ratio of 0.79 and a beta of 1.14.

About Polar Capital