Allianz Technology Trust (LON:ATT) Sets New 12-Month High - Here's Why

Allianz Technology Trust (LON:ATT - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 447.54 ($5.55) and last traded at GBX 446.90 ($5.54), with a volume of 573634 shares traded. The stock had previously closed at GBX 439 ($5.44).

Allianz Technology Trust Stock Up 1.7 %

The firm has a market capitalization of £1.74 billion, a P/E ratio of 342.80 and a beta of 0.52. The stock has a fifty day moving average of GBX 424.36 and a 200-day moving average of GBX 386.13.

Insider Activity

In other news, insider Lucy Costa purchased 7,180 shares of the company's stock in a transaction on Friday, January 31st. The shares were purchased at an average cost of GBX 441 ($5.46) per share, with a total value of £31,663.80 ($39,236.43). 2.10% of the stock is owned by corporate insiders.

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.