Polar Capital Technology Trust (LON:PCT) Stock Breaks Below Two Hundred Day Moving Average – Here’s What Happened

Polar Capital Technology Trust plc (LON:PCT)’s share price crossed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of GBX 610.48 and traded as low as GBX 592.50. Polar Capital Technology Trust shares last traded at GBX 594, with a volume of 6,140,785 shares changing hands.

Polar Capital Technology Trust Stock Performance

The stock has a market capitalization of £6.55 billion, a price-to-earnings ratio of 1.80 and a beta of 0.70. The company’s fifty day simple moving average is GBX 659.11 and its 200 day simple moving average is GBX 610.48. The company has a quick ratio of 3.12, a current ratio of 5.68 and a debt-to-equity ratio of 0.96.

About Polar Capital Technology Trust

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.