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Polar Capital Technology Trust (LON:PCT) Hits New 12-Month High - Here's What Happened

Polar Capital Technology Trust logo with Financial Services background

Polar Capital Technology Trust plc (LON:PCT - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 387 ($5.19) and last traded at GBX 386 ($5.18), with a volume of 1759388 shares trading hands. The stock had previously closed at GBX 377.50 ($5.07).

Polar Capital Technology Trust Trading Down 0.4%

The company has a market capitalization of £4.53 billion, a PE ratio of 3.77 and a beta of 0.49. The company has a debt-to-equity ratio of 1.83, a current ratio of 19.70 and a quick ratio of 3.12. The company's fifty day moving average is GBX 347.10 and its 200-day moving average is GBX 332.62.

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)) 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

(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.

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