Polar Capital Technology Trust plc (LON:PCT) experienced a significant surge in its stock price on Tuesday, reaching a new 52-week high during mid-day trading. The shares of the company traded as high as GBX 3,100 ($39.59) and closed at GBX 3,100 ($39.59), with a trading volume of 192,423 shares. Prior to this, the stock had closed at GBX 3,080 ($39.34).
Polar Capital Technology Trust plc is a closed-ended equity mutual fund managed by Polar Capital LLP that invests in public equity markets globally. The fund focuses on companies within the technology sector and other sectors that heavily utilize technology such as information, media, communications, environment, computing, healthcare, and renewable energy.
The company’s financial ratios include a debt-to-equity ratio of 1.64, a current ratio of 2.73, and a quick ratio of 3.12. The 50-day moving average of the stock is GBX 2,976.37 and the 200-day moving average is GBX 2,758.53. With a market cap of £3.72 billion, the stock has a price-to-earnings ratio of 770.85 and a beta of 0.54.
To stay informed about the latest updates in the market for Polar Capital Technology Trust plc and other stocks across various sectors
