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Polar Capital Technology Trust (LON:PCT) Sets New 12-Month High - What's Next?

Polar Capital Technology Trust logo with Financial Services background

Key Points

  • Polar Capital Technology Trust shares reached a new 52-week high, trading at GBX 412 ($5.57) during mid-week trading, with a significant volume of over 4.4 million shares.
  • The company boasts a market capitalization of £4.72 billion and a notable net margin of 96.56%, showcasing strong profitability despite its high price-to-earnings ratio of 4,127.38.
  • As a FTSE 100 company, Polar Capital Technology Trust focuses on investing in the rapidly evolving technology sector, particularly leveraging opportunities associated with artificial intelligence.
  • Interested in Polar Capital Technology Trust? Here are five stocks we like better.

Polar Capital Technology Trust plc (LON:PCT - Get Free Report) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 412 ($5.59) and last traded at GBX 411.17 ($5.58), with a volume of 4432189 shares changing hands. The stock had previously closed at GBX 404.50 ($5.48).

Polar Capital Technology Trust Price Performance

The stock has a market cap of £4.83 billion, a price-to-earnings ratio of 4,227.68 and a beta of 0.49. The stock has a fifty day simple moving average of GBX 393.68 and a 200-day simple moving average of GBX 341.78. The company has a current ratio of 19.70, a quick ratio of 3.12 and a debt-to-equity ratio of 1.83.

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

About Polar Capital Technology Trust

(Get Free Report)

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.

Further Reading

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