Polar Capital Technology Trust (LON:PCT) Hits New 12-Month High – Here’s Why

Polar Capital Technology Trust plc (LON:PCTGet Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 985 and last traded at GBX 685, with a volume of 3368170 shares traded. The stock had previously closed at GBX 684.

Polar Capital Technology Trust Price Performance

The firm has a market capitalization of £7.29 billion, a P/E ratio of 3.49 and a beta of 0.93. The business’s 50-day simple moving average is GBX 680.49 and its 200 day simple moving average is GBX 564.77. The company has a quick ratio of 3.12, a current ratio of 9.59 and a debt-to-equity ratio of 1.21.

About Polar Capital Technology Trust

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Polar Capital Technology Trust plc (PCT) was launched in 1996 as the successor to TR Technology Trust, the first dedicated London-listed investment trust investing in global technology companies.

PCT is now a FTSE 100 company with a long-established shareholder base consisting of a variety of professional investors and also a large number of individual investors.

The Trust is managed by a team of 12 specialist professionals under lead manager Ben Rogoff. Ben has been the lead manager since 2006, having joined PCT in 2003, and has 25 years’ experience investing in technology stocks.

PCT offers investors a broad exposure to the global technology sector and has a capital growth mandate.

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