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

Key Points

• Polar Capital Technology Trust shares reached a new 52-week high of GBX 389 ($5.25) during mid-day trading on Friday, with significant trading volume of 3,528,360 shares.
• The company has a market capitalization of £4.59 billion, a PE ratio of 3.82, and a noteworthy return on equity of 30.54%.
• Polar Capital Technology Trust reported a net margin of 96.56% in its latest earnings, despite earnings per share showing a loss of GBX (0.95) (($0.01)).
• As part of the FTSE 100, the trust is managed by a highly experienced technology investment team, focusing on investing in the rapidly growing sector of artificial intelligence.

Shares of Polar Capital Technology Trust plc (LON:PCT - Get Free Report) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 389 ($5.19) and last traded at GBX 389 ($5.19), with a volume of 3528360 shares trading hands. The stock had previously closed at GBX 385 ($5.14).

Polar Capital Technology Trust Price Performance

The company's 50 day moving average price is GBX 354.12 and its 200-day moving average price is GBX 333.74. The stock has a market cap of £4.63 billion, a P/E ratio of 3.85 and a beta of 0.49. The company has a quick ratio of 3.12, a current ratio of 19.70 and a debt-to-equity ratio of 1.83.

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 (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

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.