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

Polar Capital Technology Trust plc (LON:PCT)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 506 and last traded at GBX 494, with a volume of 2496478 shares. The stock had previously closed at GBX 500.

Polar Capital Technology Trust Stock Down 1.2%

The company has a debt-to-equity ratio of 1.83, a current ratio of 19.70 and a quick ratio of 3.12. The company has a fifty day moving average price of GBX 472.83 and a 200 day moving average price of GBX 442.72. The company has a market cap of £5.53 billion, a PE ratio of 2.62 and a beta of 0.49.

Polar Capital Technology Trust (LON:PCT) last released its quarterly earnings results on Wednesday, December 10th. The company reported GBX (0.37) EPS for the quarter. Polar Capital Technology Trust had a return on equity of 30.54% and a net margin of 96.56%.

About Polar Capital Technology Trust

As artificial intelligence continues to rapidly advance, so does its impact and vast market potential.

Polar Capital Technology Trust (PCT) is a FTSE 100 company managed by one of the largest, most experienced technology investment teams in Europe. We take a conservative approach to investing in this high growth sector and leverage our expertise to navigate AI’s early adoption cycle, embracing the opportunities afforded through widespread AI disruption.