Polar Capital Technology Trust (LON:PCT) Stock Passes Above 200-Day Moving Average – Time to Sell?

Polar Capital Technology Trust plc (LON:PCT)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 338.10 ($4.55) and traded as high as GBX 396 ($5.33). Polar Capital Technology Trust shares last traded at GBX 388.50 ($5.23), with a volume of 5,996,651 shares changing hands.

Polar Capital Technology Trust Price Performance

The company has a current ratio of 19.70, a quick ratio of 3.12 and a debt-to-equity ratio of 1.83. The firm has a market capitalization of £4.62 billion, a PE ratio of 3.85 and a beta of 0.49. The company has a fifty day moving average price of GBX 377.51 and a two-hundred day moving average price of GBX 338.10.

Polar Capital Technology Trust (LON:PCT) last issued its quarterly earnings data on Friday, July 11th. The company reported GBX (0.95) earnings per share 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.