Allianz Technology Trust (LON:ATT) Reaches New 12-Month High - What's Next?

Shares of Allianz Technology Trust (LON:ATT - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 422.50 ($5.37) and last traded at GBX 421.50 ($5.36), with a volume of 862973 shares changing hands. The stock had previously closed at GBX 418 ($5.31).

Allianz Technology Trust Trading Up 0.9 %

The business has a 50 day moving average of GBX 387.79 and a 200-day moving average of GBX 374.27. The stock has a market cap of £1.63 billion, a PE ratio of 321.21 and a beta of 0.52.

Insiders Place Their Bets

In related news, insider Simon Davis purchased 2,879 shares of the stock in a transaction that occurred on Thursday, October 3rd. The stock was purchased at an average cost of GBX 347 ($4.41) per share, for a total transaction of £9,990.13 ($12,700.39). 2.10% of the stock is owned by corporate insiders.

Allianz Technology Trust Company Profile

Allianz Technology Trust PLC is a closed-ended equity mutual fund launched and managed by Allianz Global Investors GmbH. The fund invests in the public equity markets across the globe. It invests in stocks of companies operating in the technology, media, and telecoms sector. The fund invests in stocks of mid-cap and large-cap companies.