Polar Capital Technology Trust (LON:PCT) Sets New 1-Year High – Time to Buy?

Polar Capital Technology Trust plc (LON:PCT)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 736.50 and last traded at GBX 717, with a volume of 59088379 shares trading hands. The stock had previously closed at GBX 711.50.

Polar Capital Technology Trust Trading Up 0.8%

The business has a 50 day moving average of GBX 595.52 and a two-hundred day moving average of GBX 520.69. The company has a debt-to-equity ratio of 1.21, a quick ratio of 3.12 and a current ratio of 9.59. The firm has a market capitalization of £7.99 billion, a price-to-earnings ratio of 3.80 and a beta of 0.91.

Insider Activity

In other Polar Capital Technology Trust news, insider Tim Cruttenden bought 982 shares of Polar Capital Technology Trust stock in a transaction dated Wednesday, March 18th. The stock was bought at an average cost of GBX 504 per share, with a total value of £4,949.28. 0.05% of the stock is currently owned by corporate insiders.

Polar Capital Technology Trust Company Profile

Polar Capital Technology Trust plc (PCT) was launched in 1996 as the successor to TR Technology Trust, the first dedicated London-listed investment trust investing in global technology companies.

PCT is now a FTSE 100 company with a long-established shareholder base consisting of a variety of professional investors and also a large number of individual investors.

The Trust is managed by a team of 12 specialist professionals under lead manager Ben Rogoff. Ben has been the lead manager since 2006, having joined PCT in 2003, and has 25 years’ experience investing in technology stocks.

PCT offers investors a broad exposure to the global technology sector and has a capital growth mandate.