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

Key Points

• Polar Capital Technology Trust achieved a new 52-week high, reaching GBX 408 ($5.51) during trading.
• The company reported a net margin of 96.56% and a return on equity of 30.54% in its latest earnings results.
• With a market capitalization of £4.85 billion, the trust is managed by a top-tier technology investment team focusing on the opportunities created by artificial intelligence.

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 408 ($5.53) and last traded at GBX 407 ($5.52), with a volume of 1675613 shares changing hands. The stock had previously closed at GBX 407 ($5.52).

Polar Capital Technology Trust Price Performance

The company has a market cap of £4.74 billion, a PE ratio of 3.95 and a beta of 0.49. The business's 50 day moving average price is GBX 374.20 and its 200-day moving average price is GBX 337.48. 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 posted its quarterly earnings data 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.