Polar Capital Technology Trust (LON:PCT) Hits New 1-Year Low – Time to Sell?

Polar Capital Technology Trust plc (LON:PCT)’s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 420 ($5.45) and last traded at GBX 300.89 ($3.90), with a volume of 3628011 shares traded. The stock had previously closed at GBX 307 ($3.98).

Polar Capital Technology Trust Stock Performance

The firm has a 50-day simple moving average of GBX 356.15 and a two-hundred day simple moving average of GBX 587.95. The company has a current ratio of 19.70, a quick ratio of 3.12 and a debt-to-equity ratio of 1.83. The company has a market capitalization of £3.55 billion, a price-to-earnings ratio of 2.95 and a beta of 0.49.

Polar Capital Technology Trust (LON:PCT) last issued its quarterly earnings data on Tuesday, December 10th. The company reported GBX (0.34) ($0.00) earnings per share for the quarter. Polar Capital Technology Trust had a net margin of 96.56% and a return on equity of 30.54%.

About Polar Capital Technology Trust

Technology: Invest for today and shape the future

The modern world is built on technology – an ever-advancing megatrend transforming to our lives today and shaping our future. Polar Capital Technology Trust plc provides investors access to this enormous, fast-evolving potential.

As one of the largest, most experienced technology investment trusts in Europe, we have deep experience in identifying trends early.