Polar Capital (LON:POLR) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

Polar Capital Holdings plc (LON:POLRGet Free Report)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 533.05 ($6.62) and traded as low as GBX 504.41 ($6.27). Polar Capital shares last traded at GBX 509 ($6.32), with a volume of 75,314 shares trading hands.

Polar Capital Price Performance

The stock has a 50 day moving average price of GBX 515.48 and a 200 day moving average price of GBX 532.89. 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 has a market capitalization of £483.09 million, a P/E ratio of 1,211.90, a PEG ratio of 0.79 and a beta of 1.14.

Polar Capital Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, January 10th. Investors of record on Thursday, December 12th will be paid a GBX 14 ($0.17) dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a yield of 2.73%. Polar Capital’s payout ratio is 10,952.38%.

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