Polar Capital Technology Trust (LON:PCT) Trading Up 0.1% – Still a Buy?

Polar Capital Technology Trust plc (LON:PCT) shot up 0.1% during trading on Wednesday . The company traded as high as GBX 342 ($4.32) and last traded at GBX 341 ($4.30). 1,893,102 shares traded hands during trading, a decline of 18% from the average session volume of 2,311,362 shares. The stock had previously closed at GBX 340.50 ($4.30).

Polar Capital Technology Trust Price Performance

The company has a current ratio of 2.52, a quick ratio of 3.12 and a debt-to-equity ratio of 1.27. The company has a fifty day moving average price of GBX 324.48 and a two-hundred day moving average price of GBX 1,868.17. The firm has a market cap of £4.14 billion, a P/E ratio of 381.21 and a beta of 0.49.

Polar Capital Technology Trust Company Profile

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.