Allianz Technology Trust (LON:ATT) Reaches New 12-Month High – Time to Buy?

Allianz Technology Trust (LON:ATTGet Free Report)’s stock price reached a new 52-week high on Tuesday . The company traded as high as GBX 399.30 and last traded at GBX 742, with a volume of 4431623 shares changing hands. The stock had previously closed at GBX 755.

Allianz Technology Trust Trading Up 1.5%

The business’s 50-day moving average price is GBX 660.95 and its 200-day moving average price is GBX 576.47. The stock has a market cap of £2.57 billion, a PE ratio of 6.87 and a beta of 0.67.

Allianz Technology Trust (LON:ATTGet Free Report) last posted its earnings results on Monday, March 16th. The company reported GBX (1.11) 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

(Get Free Report)

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.

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