Polar Capital Technology Trust (LON:PCT) Reaches New 52-Week High - Time to Buy?

Key Points

• Polar Capital Technology Trust shares hit a new 52-week high, trading at GBX 403.50 ($5.35) on Thursday, following a previous close of GBX 393 ($5.21).
• The trust has a strong market capitalization of £4.77 billion and boasts a remarkable return on equity of 30.54% alongside a net margin of 96.56%.
• As a part of its investment strategy, Polar Capital focuses on the growing potential of artificial intelligence within the technology sector, leveraging its experience in navigating the market.

Polar Capital Technology Trust plc (LON:PCT - Get Free Report)'s stock price hit a new 52-week high on Thursday . The stock traded as high as GBX 403.50 ($5.36) and last traded at GBX 402.96 ($5.35), with a volume of 1814776 shares changing hands. The stock had previously closed at GBX 393 ($5.22).

Polar Capital Technology Trust Stock Performance

The firm has a 50 day moving average of GBX 359.81 and a two-hundred day moving average of GBX 335.23. The company has a debt-to-equity ratio of 1.83, a quick ratio of 3.12 and a current ratio of 19.70. The stock has a market cap of £4.65 billion, a P/E ratio of 3.87 and a beta of 0.49.

Polar Capital Technology Trust (LON:PCT - Get Free Report) last issued its earnings results on Friday, July 11th. The company reported GBX (0.95) (($0.01)) earnings per share (EPS) for the quarter. Polar Capital Technology Trust had a return on equity of 30.54% and a net margin of 96.56%.

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.