Polar Capital Technology Trust (LON:PCT) Shares Cross Above 200-Day Moving Average - Time to Sell?

Key Points

• Polar Capital Technology Trust (LON:PCT) has crossed above its 200-day moving average of GBX 339.22, trading at GBX 403 ($5.44) with significant volume of 1,699,872 shares.
• The company's performance metrics indicate a market capitalization of £4.75 billion, a P/E ratio of 3.96, and a strong return on equity of 30.54%.
• As a FTSE 100 company, Polar Capital focuses on leveraging its expertise in the rapidly advancing field of artificial intelligence to navigate investment opportunities in this high-growth sector.

Polar Capital Technology Trust plc (LON:PCT - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 339.22 ($4.60) and traded as high as GBX 403.98 ($5.47). Polar Capital Technology Trust shares last traded at GBX 403 ($5.46), with a volume of 1,699,872 shares changing hands.

Polar Capital Technology Trust Trading Down 0.9%

The company has a quick ratio of 3.12, a current ratio of 19.70 and a debt-to-equity ratio of 1.83. The stock has a market capitalization of £4.50 billion, a P/E ratio of 3,911.74 and a beta of 0.49. The firm's 50 day simple moving average is GBX 386.14 and its two-hundred day simple moving average is GBX 338.99.

Polar Capital Technology Trust (LON:PCT - Get Free Report) last posted its earnings results on Friday, July 11th. The company reported GBX (0.95) EPS for the quarter. Polar Capital Technology Trust had a return on equity of 30.54% and a net margin of 96.56%.

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.