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

Polar Capital Technology Trust plc (LON:PCT)’s stock price reached a new 52-week high on Tuesday . The company traded as high as GBX 689.50 and last traded at GBX 688.17, with a volume of 3018409 shares trading hands. The stock had previously closed at GBX 680.

Polar Capital Technology Trust Stock Performance

The stock has a market cap of £7.83 billion, a PE ratio of 3.73 and a beta of 0.91. The company has a debt-to-equity ratio of 1.21, a current ratio of 9.59 and a quick ratio of 3.12. The business has a 50 day moving average price of GBX 582.98 and a two-hundred day moving average price of GBX 515.52.

Insider Buying and Selling at Polar Capital Technology Trust

In related news, insider Tim Cruttenden acquired 982 shares of the company’s stock in a transaction dated Wednesday, March 18th. The stock was purchased at an average price of GBX 504 per share, with a total value of £4,949.28. Company insiders own 0.05% of the company’s stock.

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.