Allianz Technology Trust (LON:ATT) Sets New 12-Month High – Should You Buy?

Allianz Technology Trust (LON:ATT)’s share price hit a new 52-week high during trading on Friday . The company traded as high as GBX 437 ($5.32) and last traded at GBX 436.40 ($5.31), with a volume of 485623 shares traded. The stock had previously closed at GBX 433.50 ($5.27).

Allianz Technology Trust Stock Up 0.1 %

The firm has a market capitalization of £1.66 billion, a price-to-earnings ratio of 328.79 and a beta of 0.52. The stock has a 50-day moving average price of GBX 411.79 and a 200 day moving average price of GBX 382.13.

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.