Polar Capital Technology Trust (LON:PCT) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Polar Capital Technology Trust plc (LON:PCT)’s share price passed 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 trading hands.

Polar Capital Technology Trust Stock Up 1.2 %

The company’s 50-day simple moving average is GBX 329.47 and its 200 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 cap of £4.13 billion, a P/E ratio of 381.32 and a beta of 0.49.

About Polar Capital Technology Trust

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.