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

Allianz Technology Trust (LON:ATT – Get Free Report)’s stock price hit a new 52-week high during trading on Wednesday. The company traded as high as GBX 771 and last traded at GBX 771, with a volume of 7062864 shares changing hands. The stock had previously closed at GBX 759.

Allianz Technology Trust Stock Performance

The firm has a market capitalization of £2.52 billion, a P/E ratio of 2.22 and a beta of 0.59. The firm has a 50 day moving average price of GBX 707.61 and a two-hundred day moving average price of GBX 670.63.

Allianz Technology Trust (LON:ATT – Get Free Report) last announced its earnings results on Monday, August 3rd. The company reported GBX 249.85 earnings per share (EPS) for the quarter. Allianz Technology Trust had a return on equity of 50.98% and a net margin of 97.63%.

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.

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