Allianz Technology Trust (LON:ATT) Hits New 52-Week High – Still a Buy?

Allianz Technology Trust (LON:ATTGet Free Report) shares hit a new 52-week high during trading on Monday . The stock traded as high as GBX 299.10 ($3.91) and last traded at GBX 374.50 ($4.89), with a volume of 1606265 shares traded. The stock had previously closed at GBX 372.50 ($4.86).

Allianz Technology Trust Price Performance

The company’s fifty day moving average is GBX 354.20 and its 200 day moving average is GBX 362.29. The firm has a market cap of £1.40 billion, a price-to-earnings ratio of 276.14 and a beta of 0.52.

Insider Buying and Selling

In other Allianz Technology Trust news, insider Simon Davis bought 2,879 shares of Allianz Technology Trust stock in a transaction that occurred on Thursday, October 3rd. The stock was acquired at an average price of GBX 347 ($4.53) per share, for a total transaction of £9,990.13 ($13,045.35). 2.10% of the stock is currently owned by corporate insiders.

About Allianz Technology Trust

(Get Free Report)

Allianz Technology Trust PLC is a closed-ended equity mutual fund launched and managed by Allianz Global Investors GmbH. The fund invests in the public equity markets across the globe. It invests in stocks of companies operating in the technology, media, and telecoms sector. The fund invests in stocks of mid-cap and large-cap companies.

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