Polar Capital Technology Trust (LON:PCT) Sets New 52-Week High – Here’s Why

Polar Capital Technology Trust plc (LON:PCT)’s stock price reached a new 52-week high on Monday . The company traded as high as GBX 669 and last traded at GBX 668, with a volume of 5456317 shares. The stock had previously closed at GBX 659.50.

Polar Capital Technology Trust Trading Up 2.7%

The stock’s 50 day moving average is GBX 543.59 and its two-hundred day moving average is GBX 499.42. The company has a market capitalization of £7.50 billion, a PE ratio of 3.57 and a beta of 0.91. The company has a quick ratio of 3.12, a current ratio of 9.59 and a debt-to-equity ratio of 1.21.

Insider Buying and Selling

In other news, insider Tim Cruttenden bought 982 shares of Polar Capital Technology Trust stock in a transaction on Wednesday, March 18th. The stock was acquired at an average cost of GBX 504 per share, for a total transaction of £4,949.28. Corporate insiders own 0.05% of the company’s stock.

About Polar Capital Technology Trust

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.