Polar Capital Technology Trust (LON:PCT) Share Price Crosses Above 200-Day Moving Average – What’s Next?

by · The Cerbat Gem

Shares of Polar Capital Technology Trust plc (LON:PCT – Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 592.32 and traded as high as GBX 673.50. Polar Capital Technology Trust shares last traded at GBX 664.74, with a volume of 3,261,291 shares trading hands.

Polar Capital Technology Trust Stock Down 0.7%

The stock’s fifty day moving average is GBX 675.93 and its two-hundred day moving average is GBX 592.82. The firm has a market cap of £7.34 billion, a P/E ratio of 2.01 and a beta of 0.76. The company has a current ratio of 5.68, a quick ratio of 3.12 and a debt-to-equity ratio of 0.96.

About Polar Capital Technology Trust

(Get Free Report)

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.

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