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Polar Capital Technology Trust (LON:PCT) Shares Pass Above Two Hundred Day Moving Average - What's Next?

Polar Capital Technology Trust logo with Financial Services background

Key Points

  • Polar Capital Technology Trust shares surpassed their 200-day moving average during trading, achieving a high of GBX 406.50 ($5.47) before closing at GBX 404 ($5.43).
  • The company reported a net margin of 96.56% and a return on equity of 30.54% in its latest quarterly earnings.
  • With a market capitalization of £4.77 billion, Polar Capital is noted for its conservative approach to investing in the rapidly advancing artificial intelligence sector.
  • Need Better Tools to Track Polar Capital Technology Trust? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Polar Capital Technology Trust plc (LON:PCT - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 335.83 ($4.52) and traded as high as GBX 406.50 ($5.47). Polar Capital Technology Trust shares last traded at GBX 404 ($5.43), with a volume of 2,609,172 shares changing hands.

Polar Capital Technology Trust Price Performance

The firm has a market capitalization of £4.77 billion, a PE ratio of 3.97 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. The stock has a 50-day moving average price of GBX 364.03 and a 200 day moving average price of GBX 335.83.

Polar Capital Technology Trust (LON:PCT - Get Free Report) last issued 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 return on equity of 30.54% and a net margin of 96.56%.

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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