Polar Capital Technology Trust (LON:PCT) Reaches New 12-Month High – Time to Buy?

Polar Capital Technology Trust plc (LON:PCT)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 507 and last traded at GBX 500.65, with a volume of 2024213 shares traded. The stock had previously closed at GBX 495.

Polar Capital Technology Trust Stock Up 1.1%

The stock has a fifty day moving average price of GBX 479.30 and a 200-day moving average price of GBX 450.04. The firm has a market cap of £5.59 billion, a PE ratio of 2.65 and a beta of 0.49. The company has a debt-to-equity ratio of 1.83, a quick ratio of 3.12 and a current ratio of 19.70.

Polar Capital Technology Trust (LON:PCT) last announced its quarterly earnings results on Wednesday, December 10th. The company reported GBX (0.37) 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

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.