Allianz Technology Trust (LON:ATT) Sets New 52-Week High – Should You Buy?

Allianz Technology Trust (LON:ATT)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 553 and last traded at GBX 553, with a volume of 611982 shares. The stock had previously closed at GBX 543.

Allianz Technology Trust Price Performance

The business has a 50-day simple moving average of GBX 530.14 and a 200 day simple moving average of GBX 500.62. The firm has a market cap of £1.91 billion, a PE ratio of 14.38 and a beta of 0.52.

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.