Polar Capital Technology Trust (LON:PCT) Sets New 52-Week High – Here’s Why

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

Polar Capital Technology Trust Trading Up 0.1%

The company has a market cap of £7.63 billion, a PE ratio of 3.63 and a beta of 0.93. The company has a debt-to-equity ratio of 1.21, a quick ratio of 3.12 and a current ratio of 9.59. The company has a 50 day simple moving average of GBX 677.75 and a two-hundred day simple moving average of GBX 561.62.

Polar Capital Technology Trust Company Profile

(Get Free Report)

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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