Polar Capital Technology Trust (LON:PCT) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Polar Capital Technology Trust plc (LON:PCTGet Free Report)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 585.44 and traded as high as GBX 616. Polar Capital Technology Trust shares last traded at GBX 607.15, with a volume of 4,392,844 shares.

Polar Capital Technology Trust Stock Performance

The stock’s 50-day moving average is GBX 680.80 and its 200-day moving average is GBX 586.38. The stock has a market cap of £6.94 billion, a price-to-earnings ratio of 3.32 and a beta of 0.93. The company has a current ratio of 5.68, a quick ratio of 3.12 and a debt-to-equity ratio of 0.96.

About Polar Capital Technology Trust

(Get Free Report)

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.

Further Reading

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