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Polar Capital Technology Trust (LON:PCT) Stock Price Crosses Above 200 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 on Wednesday, trading at GBX 388.50 ($5.23), with the stock reaching a high of GBX 396 ($5.33).
  • The company reported a net margin of 96.56% and a return on equity of 30.54% in its latest quarterly earnings, although it recorded GBX (0.95) earnings per share for the quarter.
  • Managed by a leading technology investment team, Polar Capital Technology Trust is positioning itself to capitalize on the opportunities presented by artificial intelligence's rapid advancement.
  • Five stocks to consider instead of Polar Capital Technology Trust.

Shares of Polar Capital Technology Trust plc (LON:PCT - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 338.10 ($4.56) and traded as high as GBX 396 ($5.34). Polar Capital Technology Trust shares last traded at GBX 388.50 ($5.24), with a volume of 5,996,651 shares trading hands.

Polar Capital Technology Trust Price Performance

The company has a market cap of £4.67 billion, a price-to-earnings ratio of 3.89 and a beta of 0.49. The firm's fifty day moving average price is GBX 381.81 and its 200-day moving average price is GBX 338.61. The company has a current ratio of 19.70, a quick ratio of 3.12 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) 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.

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