Polar Capital Technology Trust (LON:PCT) Stock Passes Below 200-Day Moving Average – Here’s Why

Polar Capital Technology Trust plc (LON:PCT)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-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 trading hands.

Polar Capital Technology Trust Trading Up 1.2 %

The stock’s 50-day simple moving average is GBX 329.47 and its two-hundred day simple moving average is GBX 1,754.67. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.52 and a quick ratio of 3.12. The firm has a market capitalization of £4.13 billion, a P/E ratio of 381.32 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.