Allianz Technology Trust (LON:ATT) Hits New 52-Week High – Still a Buy?

Allianz Technology Trust (LON:ATTGet Free Report)’s share price hit a new 52-week high on Monday . The company traded as high as GBX 406.80 and last traded at GBX 753, with a volume of 8672765 shares changing hands. The stock had previously closed at GBX 756.

Allianz Technology Trust Stock Performance

The firm’s 50-day simple moving average is GBX 669.36 and its 200-day simple moving average is GBX 579.75. The company has a market capitalization of £2.58 billion, a price-to-earnings ratio of 6.88 and a beta of 0.67.

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.

Featured Articles

Receive News & Ratings for Allianz Technology Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allianz Technology Trust and related companies with MarketBeat.com's FREE daily email newsletter.