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

Allianz Technology Trust (LON:ATT)’s share price reached a new 52-week high on Tuesday . The stock traded as high as GBX 459 ($5.78) and last traded at GBX 455 ($5.73), with a volume of 588851 shares traded. The stock had previously closed at GBX 454 ($5.71).

Allianz Technology Trust Stock Performance

The stock has a 50-day moving average of GBX 431.04 and a two-hundred day moving average of GBX 390.61. The company has a market cap of £1.70 billion, a P/E ratio of 3.38 and a beta of 0.52.

Insider Transactions at Allianz Technology Trust

In other news, insider Lucy Costa bought 7,180 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were purchased at an average price of GBX 441 ($5.55) per share, for a total transaction of £31,663.80 ($39,843.71). Insiders own 2.10% of the company’s stock.

Allianz Technology Trust Company Profile

Allianz Technology Trust is managed by the highly experienced AllianzGI Global Technology team based in San Francisco. The team benefits from its close proximity to Silicon Valley where many of the world’s key technology companies are headquartered.

The Trust is a UK listed closed-end fund which aims to achieve long-term capital growth by investing principally in technology companies globally.