Polar Capital Technology Trust (LON:PCT) Hits New 12-Month High – Here’s What Happened

Polar Capital Technology Trust plc (LON:PCT) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 483 and last traded at GBX 481.50, with a volume of 2994011 shares traded. The stock had previously closed at GBX 480.

Polar Capital Technology Trust Stock Up 1.7%

The company has a quick ratio of 3.12, a current ratio of 19.70 and a debt-to-equity ratio of 1.83. The company has a 50 day simple moving average of GBX 462.35 and a two-hundred day simple moving average of GBX 430.37. The company has a market capitalization of £5.47 billion, a P/E ratio of 2.60 and a beta of 0.49.

Polar Capital Technology Trust (LON:PCT) last posted its quarterly earnings data on Wednesday, December 10th. The company reported GBX (0.37) earnings per share (EPS) 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.