Polar Capital Technology Trust (LON:PCT) Shares Down 89.8%

Polar Capital Technology Trust plc (LON:PCT - Get Free Report)'s stock price dropped 89.8% during mid-day trading on Friday . The company traded as low as GBX 287 ($3.75) and last traded at GBX 292.50 ($3.83). Approximately 255,021 shares were traded during mid-day trading, an increase of 10% from the average daily volume of 232,159 shares. The stock had previously closed at GBX 2,880 ($37.66).

Polar Capital Technology Trust Trading Up 2.8 %

The business has a 50 day simple moving average of GBX 3,004.59 and a 200-day simple moving average of GBX 3,034.22. The company has a current ratio of 2.52, a quick ratio of 3.12 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of £353.19 million, a price-to-earnings ratio of 32.74 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.