Polar Capital Technology Trust (LON:PCT) Hits New 12-Month High – Time to Buy?

Polar Capital Technology Trust plc (LON:PCT) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 904 and last traded at GBX 713, with a volume of 2669541 shares trading hands. The stock had previously closed at GBX 685.50.

Polar Capital Technology Trust Stock Up 4.0%

The business’s 50 day moving average is GBX 669.19 and its 200 day moving average is GBX 555.18. The company has a quick ratio of 3.12, a current ratio of 9.59 and a debt-to-equity ratio of 1.21. The company has a market cap of £7.94 billion, a P/E ratio of 3.78 and a beta of 0.92.

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.