Allianz Technology Trust (LON:ATT) Sets New 12-Month High – Still a Buy?

Allianz Technology Trust (LON:ATT) hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 395.80 and last traded at GBX 536, with a volume of 850927 shares trading hands. The stock had previously closed at GBX 534.

Allianz Technology Trust Stock Performance

The company has a market capitalization of £1.90 billion, a PE ratio of 14.32 and a beta of 0.52. The stock has a 50 day moving average price of GBX 524.63 and a two-hundred day moving average price of GBX 488.20.

About Allianz Technology Trust

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.