Polar Capital Technology Trust (LON:PCT) Hits New 52-Week High – Should You Buy?

Shares of Polar Capital Technology Trust plc (LON:PCT) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 708 and last traded at GBX 580, with a volume of 3554429 shares traded. The stock had previously closed at GBX 585.50.

Polar Capital Technology Trust Price Performance

The stock has a market capitalization of £6.46 billion, a PE ratio of 3.08 and a beta of 0.86. The stock’s 50 day moving average is GBX 508.99 and its two-hundred day moving average is GBX 480.53. The company has a debt-to-equity ratio of 1.21, a quick ratio of 3.12 and a current ratio of 9.59.

Insiders Place Their Bets

In related news, insider Tim Cruttenden purchased 982 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The shares were purchased at an average cost of GBX 504 per share, with a total value of £4,949.28. Corporate insiders own 0.05% of the company’s stock.

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.