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

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

Allianz Technology Trust Price Performance

The stock has a market capitalization of £1.71 billion, a price-to-earnings ratio of 338.26 and a beta of 0.52. The firm has a 50 day simple moving average of GBX 414.32 and a 200-day simple moving average of 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.