Polar Capital Technology Trust (LON:PCT) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Polar Capital Technology Trust plc (LON:PCT) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 599.28 and traded as high as GBX 687.50. Polar Capital Technology Trust shares last traded at GBX 675, with a volume of 1,717,303 shares trading hands.

Polar Capital Technology Trust Stock Down 1.5%

The company has a quick ratio of 3.12, a current ratio of 5.68 and a debt-to-equity ratio of 0.96. The stock has a market cap of £7.46 billion, a price-to-earnings ratio of 2.04 and a beta of 0.74. The business’s fifty day moving average is GBX 671.76 and its two-hundred day moving average is GBX 599.28.

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.