Polar Capital Technology Trust (LON:PCT) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Polar Capital Technology Trust plc (LON:PCTGet Free Report) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,606.92 ($20.11) and traded as low as GBX 345 ($4.32). Polar Capital Technology Trust shares last traded at GBX 348.50 ($4.36), with a volume of 285,352 shares trading hands.

Polar Capital Technology Trust Price Performance

The company has a debt-to-equity ratio of 1.27, a quick ratio of 3.12 and a current ratio of 2.52. The firm has a market capitalization of £4.22 billion, a P/E ratio of 389.56 and a beta of 0.49. The business has a fifty day moving average of GBX 335.27 and a 200-day moving average of GBX 1,586.41.

About Polar Capital Technology Trust

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Polar Capital Technology Trust plc is a closed ended equity mutual fund launched and managed by Polar Capital LLP. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating in the technology sector and other sectors which use technology like information, media, communications, environment, computing, healthcare, and renewable energy.

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