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

Shares of Polar Capital Technology Trust plc (LON:PCT) 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 Stock Performance

The company has a quick ratio of 3.12, a current ratio of 9.59 and a debt-to-equity ratio of 1.21. The company’s 50-day moving average is GBX 554.16 and its two-hundred day moving average is GBX 504.19. The company has a market capitalization of £7.34 billion, a P/E ratio of 3.49 and a beta of 0.70.

Insider Buying and Selling

In other news, insider Tim Cruttenden bought 982 shares of Polar Capital Technology Trust stock in a transaction that occurred on Wednesday, March 18th. The shares were acquired at an average price of GBX 504 per share, with a total value of £4,949.28. 0.05% of the stock is currently owned by corporate insiders.

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.