Polar Capital Technology Trust (LON:PCT) Hits New 1-Year High – Here’s Why

Polar Capital Technology Trust plc (LON:PCT) shares reached a new 52-week high on Monday . The stock traded as high as GBX 785 and last traded at GBX 659, with a volume of 4009669 shares traded. The stock had previously closed at GBX 671.50.

Polar Capital Technology Trust Trading Up 3.1%

The company has a fifty day moving average of GBX 560.46 and a two-hundred day moving average of GBX 506.69. The company has a current ratio of 9.59, a quick ratio of 3.12 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of £7.38 billion, a price-to-earnings ratio of 3.51 and a beta of 0.91.

Insiders Place Their Bets

In related news, insider Tim Cruttenden bought 982 shares of Polar Capital Technology Trust stock in a transaction that occurred on Wednesday, March 18th. The stock was purchased at an average cost of GBX 504 per share, for a total transaction of £4,949.28. Company insiders own 0.05% of the company’s stock.

Polar Capital Technology Trust Company Profile

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.