Polar Capital Technology Trust (LON:PCT) Sets New 12-Month High – Still a Buy?

Polar Capital Technology Trust plc (LON:PCT)’s share price hit a new 52-week high on Tuesday . The company traded as high as GBX 689.50 and last traded at GBX 688.17, with a volume of 3018409 shares. The stock had previously closed at GBX 680.

Polar Capital Technology Trust Price Performance

The firm has a market capitalization of £7.67 billion, a price-to-earnings ratio of 3.65 and a beta of 0.91. The stock’s 50 day moving average price is GBX 574.63 and its two-hundred day moving average price is GBX 512.19. 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

In related news, insider Tim Cruttenden bought 982 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The stock was purchased at an average cost of GBX 504 per share, for a total transaction of £4,949.28. 0.05% of the stock is currently owned by 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.