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

Polar Capital Technology Trust plc (LON:PCT) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 1,763.53 ($22.16) and traded as low as GBX 335 ($4.21). Polar Capital Technology Trust shares last traded at GBX 347 ($4.36), with a volume of 3,458,582 shares.

Polar Capital Technology Trust Price Performance

The business’s 50 day simple moving average is GBX 329.47 and its 200-day simple moving average is GBX 1,763.53. The stock has a market capitalization of £4.13 billion, a price-to-earnings ratio of 381.32 and a beta of 0.49. The company has a quick ratio of 3.12, a current ratio of 2.52 and a debt-to-equity ratio of 1.27.

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.