Allianz Technology Trust (LON:ATT) Reaches New 52-Week High – What’s Next?

Allianz Technology Trust (LON:ATT)’s stock price reached a new 52-week high on Tuesday . The company traded as high as GBX 392.20 and last traded at GBX 524.24, with a volume of 704345 shares changing hands. The stock had previously closed at GBX 524.

Allianz Technology Trust Trading Down 0.2%

The stock has a market capitalization of £1.89 billion, a PE ratio of 14.02 and a beta of 0.52. The company’s 50 day simple moving average is GBX 520.98 and its 200 day simple moving average is GBX 479.50.

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.