Polar Capital Technology Trust (LON:PCT) Reaches New 1-Year High – Should You Buy?

Polar Capital Technology Trust plc (LON:PCT)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 520 and last traded at GBX 519.69, with a volume of 7346458 shares trading hands. The stock had previously closed at GBX 515.

Polar Capital Technology Trust Price Performance

The firm has a fifty day moving average of GBX 483.93 and a two-hundred day moving average of GBX 453.91. The stock has a market capitalization of £5.84 billion, a P/E ratio of 2.77 and a beta of 0.49. The company has a debt-to-equity ratio of 1.83, a current ratio of 19.70 and a quick ratio of 3.12.

Polar Capital Technology Trust (LON:PCT) last posted its earnings results on Wednesday, December 10th. The company reported GBX (0.37) EPS for the quarter. Polar Capital Technology Trust had a net margin of 96.56% and a return on equity of 30.54%.

Polar Capital Technology Trust Company Profile

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.