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

Allianz Technology Trust (LON:ATT)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as GBX 569 and last traded at GBX 565.65, with a volume of 469875 shares trading hands. The stock had previously closed at GBX 568.

Allianz Technology Trust Stock Performance

The firm’s 50 day moving average price is GBX 530.63 and its two-hundred day moving average price is GBX 526.02. The company has a market cap of £2.00 billion, a P/E ratio of 5.28 and a beta of 0.65.

Allianz Technology Trust (LON:ATT) last released its quarterly earnings data on Monday, March 16th. The company reported GBX (1.11) earnings per share for the quarter. Allianz Technology Trust had a net margin of 96.52% and a return on equity of 21.46%.

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.