Polar Capital Technology Trust plc (LON:PCT) reached a new 52-week high on Tuesday during mid-day trading. The stock traded as high as GBX 3,100 and last traded at GBX 3,100, with a volume of 192,423 shares changing hands. This represents a 0.2% increase in the stock price.
The company has a debt-to-equity ratio of 1.64, a current ratio of 2.73, and a quick ratio of 3.12. Its 50-day moving average is GBX 2,976.37, and its 200-day moving average is GBX 2,758.53. The stock has a market cap of £3.72 billion, a price-to-earnings ratio of 770.85, and a beta of 0.54.
Polar Capital Technology Trust plc is a closed-end equity mutual fund managed by Polar Capital LLP that invests in public equity markets globally with an emphasis on technology sector companies and other industries that heavily utilize technology such as information, media, communications, environment, computing, healthcare and renewable energy sectors . The fund aims to provide investors with returns similar to those generated by the overall performance of its benchmark index while minimizing costs associated with active management through passive investment strategies .
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