Allianz Technology Trust (LON:ATT) Hits New 1-Year High – Should You Buy?

Allianz Technology Trust (LON:ATT) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 447 ($5.50) and last traded at GBX 447 ($5.50), with a volume of 798112 shares traded. The stock had previously closed at GBX 435 ($5.36).

Allianz Technology Trust Stock Performance

The stock has a market cap of £1.71 billion, a price-to-earnings ratio of 338.26 and a beta of 0.52. The firm’s 50-day simple moving average is GBX 414.32 and its two-hundred day simple moving average is GBX 383.11.

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.