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

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 550 and last traded at GBX 547.50, with a volume of 31330539 shares. The stock had previously closed at GBX 512.

Polar Capital Technology Trust Stock Performance

The company has a market cap of £6.07 billion, a P/E ratio of 2.89 and a beta of 0.59. The firm has a 50 day moving average price of GBX 499.03 and a 200-day moving average price of GBX 473.70. The company has a debt-to-equity ratio of 1.21, a quick ratio of 3.12 and a current ratio of 9.59.

Insider Activity

In related news, insider Tim Cruttenden purchased 982 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The stock was bought at an average price of GBX 504 per share, for a total transaction of £4,949.28. Company insiders own 0.05% of the company’s stock.

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.