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

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

Allianz Technology Trust Price Performance

The company has a market capitalization of £2.25 billion, a price-to-earnings ratio of 6.09 and a beta of 0.68. The stock has a 50 day simple moving average of GBX 716.24 and a two-hundred day simple moving average of GBX 613.23.

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.

Read More

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.