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

Polar Capital Technology Trust plc (LON:PCT) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 520 and last traded at GBX 519.69, with a volume of 7346458 shares trading hands. The stock had previously closed at GBX 515.

Polar Capital Technology Trust Trading Down 0.4%

The firm has a market capitalization of £5.76 billion, a PE ratio of 2.74 and a beta of 0.49. The company’s 50-day simple moving average is GBX 486.83 and its 200 day simple moving average is GBX 454.85. The company has a quick ratio of 3.12, a current ratio of 19.70 and a debt-to-equity ratio of 1.83.

Polar Capital Technology Trust (LON:PCT) last issued 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 return on equity of 30.54% and a net margin of 96.56%.

Polar Capital Technology Trust Company Profile

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.