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Polar Capital Technology Trust (LON:PCT) Sets New 12-Month High - Time to Buy?

Polar Capital Technology Trust logo with Financial Services background

Key Points

  • Polar Capital Technology Trust shares have reached a new 12-month high, trading at GBX 405.50 ($5.42), indicating strong performance and investor interest.
  • The company has a significant market cap of £4.77 billion and reports a robust net margin of 96.56% along with a return on equity of 30.54%.
  • As a leading player in the technology sector, Polar Capital is strategically positioned to capitalize on the growing market potential of artificial intelligence.
  • Want stock alerts on Polar Capital Technology Trust? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Polar Capital Technology Trust plc (LON:PCT - Get Free Report) shares reached a new 52-week high on Thursday . The stock traded as high as GBX 406 ($5.42) and last traded at GBX 405.50 ($5.42), with a volume of 3326034 shares trading hands. The stock had previously closed at GBX 398.50 ($5.32).

Polar Capital Technology Trust Stock Up 1.6%

The company has a debt-to-equity ratio of 1.83, a quick ratio of 3.12 and a current ratio of 19.70. The stock has a market cap of £4.77 billion, a price-to-earnings ratio of 3.98 and a beta of 0.49. The firm's 50-day simple moving average is GBX 362.69 and its two-hundred day simple moving average is GBX 335.40.

Polar Capital Technology Trust (LON:PCT - Get Free Report) last issued its 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

(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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