Polar Capital Technology Trust (LON:PCT) Stock Passes Below Two Hundred Day Moving Average – Should You Sell?

Polar Capital Technology Trust plc (LON:PCT) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 2,513.91 ($32.64) and traded as low as GBX 308.08 ($4.00). Polar Capital Technology Trust shares last traded at GBX 311.49 ($4.04), with a volume of 5,074,227 shares changing hands.

Polar Capital Technology Trust Stock Up 1.7 %

The firm has a market capitalization of £3.79 billion, a PE ratio of 349.89 and a beta of 0.49. The stock has a 50-day simple moving average of GBX 1,306.41 and a 200-day simple moving average of GBX 2,479.92. 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.