Polar Capital Technology Trust (LON:PCT) Sets New 12-Month 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) shares hit a new 52-week high on Thursday . The company traded as high as GBX 403.50 ($5.36) and last traded at GBX 402.96 ($5.35), with a volume of 1814776 shares trading hands. The stock had previously closed at GBX 393 ($5.22).

Polar Capital Technology Trust Price Performance

The company has a current ratio of 19.70, a quick ratio of 3.12 and a debt-to-equity ratio of 1.83. The business's 50 day moving average price is GBX 359.81 and its two-hundred day moving average price is GBX 334.80. The stock has a market cap of £4.66 billion, a P/E ratio of 3.88 and a beta of 0.49.

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

Polar Capital Technology Trust Company Profile

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.