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

Polar Capital Technology Trust plc (LON:PCT)’s share price 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 Down 1.9%

The stock has a market cap of £7.34 billion, a P/E ratio of 3.49 and a beta of 0.70. The firm’s fifty day moving average price is GBX 554.16 and its two-hundred day moving average price is GBX 504.19. The company has a debt-to-equity ratio of 1.21, a current ratio of 9.59 and a quick ratio of 3.12.

Insider Buying and Selling at Polar Capital Technology Trust

In other news, insider Tim Cruttenden purchased 982 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The shares were purchased at an average price of GBX 504 per share, with a total value of £4,949.28. 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.