On Tuesday, Polar Capital Technology Trust plc (LON:PCT) reached a new 52-week high in the middle of trading. The stock traded as high as GBX 3,300 ($41.93) and closed at GBX 3,285 ($41.74) with a trading volume of 280,767 shares. The previous close was at GBX 3,262 ($41.45).
Polar Capital Technology Trust plc is a closed-end equity mutual fund managed by Polar Capital LLP that invests in public equity markets globally. The fund focuses on companies in the technology sector and other sectors that incorporate technology, such as information, media, communications, environment, computing, healthcare, and renewable energy. With a market cap of £4.00 billion and a price-to-earnings ratio of 819.20 and a beta of 0.54, the company has a debt-to-equity ratio of 1.64 and a current ratio of 2.73 and quick ratio of 3.12 respectively.
The stock’s 50-day moving average is GBX 3,018.91 and the 200-day moving average is GBX 2,835
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