Polar Capital Technology Trust (LON:PCT) Reaches New 1-Year High - Here's What Happened

Key Points

• Polar Capital Technology Trust (LON:PCT) reached a new 52-week high, trading at GBX 445.68 ($6.01) with a volume of over 4.36 million shares.
• The company has a market capitalization of £5.11 billion and notable metrics including a net margin of 96.56% and a return on equity of 30.54%.
• As a technology-focused investment firm, Polar Capital seeks to leverage the vast market potential of artificial intelligence and take a conservative approach to high growth investments.

Polar Capital Technology Trust plc (LON:PCT - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 445.68 ($6.01) and last traded at GBX 445.68 ($6.01), with a volume of 4360174 shares changing hands. The stock had previously closed at GBX 440 ($5.93).

Polar Capital Technology Trust Price Performance

The stock has a fifty day moving average price of GBX 408.23 and a 200-day moving average price of GBX 352.04. The firm has a market capitalization of £5.11 billion, a PE ratio of 4,472.06 and a beta of 0.49. The company has a debt-to-equity ratio of 1.83, a quick ratio of 3.12 and a current ratio of 19.70.

Polar Capital Technology Trust (LON:PCT - Get Free Report) last announced its quarterly 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%.

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.

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