Polar Capital Technology Trust (LON:PCT) Hits New 52-Week High – Here’s What Happened

Polar Capital Technology Trust plc (LON:PCT) reached a new 52-week high during trading on Thursday . The company traded as high as GBX 495 and last traded at GBX 494.50, with a volume of 3985195 shares trading hands. The stock had previously closed at GBX 486.

Polar Capital Technology Trust Price Performance

The company has a market cap of £5.53 billion, a P/E ratio of 2.62 and a beta of 0.49. The company’s 50-day moving average price is GBX 464.57 and its two-hundred day moving average price is GBX 434.66. The company has a current ratio of 19.70, a quick ratio of 3.12 and a debt-to-equity ratio of 1.83.

Polar Capital Technology Trust (LON:PCT) last posted its quarterly earnings results on Wednesday, December 10th. The company reported GBX (0.37) EPS for the quarter. Polar Capital Technology Trust had a return on equity of 30.54% and a net margin of 96.56%.

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.