Polar Capital Technology Trust plc (LON:PCT) reached a new 52-week high during mid-day trading on Tuesday, with the stock hitting GBX 3,300 ($41.93) and last trading at GBX 3,285 ($41.74). The stock closed at GBX 3,262 ($41.45) with a volume of 280767 shares traded. The stock’s 50-day moving average is GBX 3,018.91 and its 200-day moving average is GBX 2,835.16. It has a market cap of £4.00 billion, a price-to-earnings ratio of 819.20, and a beta of 0.54, as well as a debt-to-equity ratio of 1.64, a current ratio of 2.73, and a quick ratio of 3.12.
Polar Capital Technology Trust plc is a closed-ended equity mutual fund managed by Polar Capital LLP that invests in public equity markets worldwide, focusing on companies in the technology sector and other sectors that utilize technology such as information, media, communications, environment, computing, healthcare, and renewable energy.
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The fund has outperformed its benchmark indexes over the past year due to its focus on emerging technologies that have shown strong growth potential despite market volatility.
Polar Capital LLP has been managing this fund since its launch in January 2019 and has consistently delivered strong returns to investors through their investment strategy.
Investors who are interested in investing in this fund can subscribe to MarketBeat’s free daily email newsletter to receive updates on this company’s performance as well as other related companies in the technology sector.
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