Polar Capital Technology Trust (LON:PCT) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

Polar Capital Technology Trust plc (LON:PCT)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-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 traded.

Polar Capital Technology Trust Stock Up 0.1%

The firm has a market capitalization of £7.41 billion, a PE ratio of 2.03 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. The business’s 50 day simple moving average is GBX 676.88 and its 200 day simple moving average is GBX 592.32.

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.