Polar Capital Technology Trust (LON:PCT) Reaches New 12-Month High – What’s Next?

Polar Capital Technology Trust plc (LON:PCT) reached a new 52-week high on Wednesday . The company traded as high as GBX 498.50 and last traded at GBX 497, with a volume of 1563880 shares. The stock had previously closed at GBX 491.50.

Polar Capital Technology Trust Trading Up 1.2%

The firm has a market cap of £5.58 billion, a price-to-earnings ratio of 2.65 and a beta of 0.49. The business has a 50 day moving average of GBX 469.45 and a 200 day moving average of GBX 439.43. The company has a quick ratio of 3.12, a current ratio of 19.70 and a debt-to-equity ratio of 1.83.

Polar Capital Technology Trust (LON:PCT) last released its earnings results on Wednesday, December 10th. The company reported GBX (0.37) earnings per share (EPS) for the quarter. Polar Capital Technology Trust had a net margin of 96.56% and a return on equity of 30.54%.

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.