Polar Capital Technology Trust (LON:PCT) Shares Cross Above 200-Day Moving Average – Time to Sell?

Polar Capital Technology Trust plc (LON:PCT)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 585.44 and traded as high as GBX 616. Polar Capital Technology Trust shares last traded at GBX 607.15, with a volume of 4,392,844 shares changing hands.

Polar Capital Technology Trust Trading Down 1.9%

The firm has a fifty day simple moving average of GBX 681.83 and a two-hundred day simple moving average of GBX 585.44. The firm has a market capitalization of £6.59 billion, a P/E ratio of 3.16 and a beta of 0.93. The company has a debt-to-equity ratio of 0.96, a current ratio of 5.68 and a quick ratio of 3.12.

Polar Capital Technology Trust Company Profile

Polar Capital Technology Trust plc (PCT) was launched in 1996 as the successor to TR Technology Trust, the first dedicated London-listed investment trust investing in global technology companies.

PCT is now a FTSE 100 company with a long-established shareholder base consisting of a variety of professional investors and also a large number of individual investors.

The Trust is managed by a team of 12 specialist professionals under lead manager Ben Rogoff. Ben has been the lead manager since 2006, having joined PCT in 2003, and has 25 years’ experience investing in technology stocks.

PCT offers investors a broad exposure to the global technology sector and has a capital growth mandate.