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

Allianz Technology Trust (LON:ATTGet Free Report)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as GBX 432.30 and last traded at GBX 666, with a volume of 2017355 shares changing hands. The stock had previously closed at GBX 680.18.

Allianz Technology Trust Trading Down 0.1%

The firm’s 50-day moving average price is GBX 715.76 and its two-hundred day moving average price is GBX 614.89. The stock has a market cap of £2.21 billion, a PE ratio of 5.97 and a beta of 0.68.

About Allianz Technology Trust

(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.

Further Reading

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