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

Allianz Technology Trust (LON:ATT) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 435.80 and last traded at GBX 712, with a volume of 1322217 shares trading hands. The stock had previously closed at GBX 686.

Allianz Technology Trust Trading Up 3.8%

The stock has a market capitalization of £2.41 billion, a PE ratio of 6.51 and a beta of 0.60. The stock has a 50 day moving average price of GBX 714.42 and a 200-day moving average price of GBX 618.49.

Allianz Technology Trust (LON:ATT) last announced its earnings results on Monday, August 3rd. The company reported GBX 249.85 earnings per share (EPS) for the quarter. Allianz Technology Trust had a net margin of 96.52% and a return on equity of 21.46%.

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. The team looks to identify major trends ahead of the crowd and invest in stocks that have the potential to be tomorrow’s Apple, Google or Microsoft.

The Trust invests in mid to large technology companies.