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Allianz Technology Trust (LON:ATT) Sets New 12-Month High - Time to Buy?

Allianz Technology Trust logo with Financial Services background

Allianz Technology Trust (LON:ATT - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 459 ($5.80) and last traded at GBX 455 ($5.75), with a volume of 588851 shares changing hands. The stock had previously closed at GBX 454 ($5.74).

Allianz Technology Trust Stock Performance

The business has a 50-day simple moving average of GBX 431.98 and a 200 day simple moving average of GBX 391.63. The firm has a market cap of £1.66 billion, a P/E ratio of 3.30 and a beta of 0.52.

Insider Activity

In related news, insider Lucy Costa bought 7,180 shares of the business's stock in a transaction dated Friday, January 31st. The shares were purchased at an average price of GBX 441 ($5.57) per share, with a total value of £31,663.80 ($40,004.80). Insiders own 2.10% of the company's stock.

About Allianz Technology Trust

(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.

Further Reading

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