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

Allianz Technology Trust (LON:ATT)’s stock price hit a new 52-week high on Monday . The company traded as high as GBX 423.50 and last traded at GBX 726, with a volume of 885831 shares. The stock had previously closed at GBX 721.

Allianz Technology Trust Trading Down 0.9%

The stock has a fifty day moving average price of GBX 703.11 and a 200 day moving average price of GBX 597.12. The firm has a market cap of £2.36 billion, a price-to-earnings ratio of 6.39 and a beta of 0.68.

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.