Polar Capital Technology Trust (LON:PCT) Hits New 52-Week High – What’s Next?

Polar Capital Technology Trust plc (LON:PCT) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 736.50 and last traded at GBX 717, with a volume of 59088379 shares. The stock had previously closed at GBX 711.50.

Polar Capital Technology Trust Stock Performance

The company has a debt-to-equity ratio of 1.21, a quick ratio of 3.12 and a current ratio of 9.59. The firm’s 50 day simple moving average is GBX 605.02 and its 200-day simple moving average is GBX 524.43. The company has a market cap of £7.97 billion, a price-to-earnings ratio of 3.79 and a beta of 0.92.

Insider Activity at Polar Capital Technology Trust

In related news, insider Tim Cruttenden purchased 982 shares of Polar Capital Technology Trust stock in a transaction dated Wednesday, March 18th. The shares were acquired at an average price of GBX 504 per share, for a total transaction 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.