Allianz Technology Trust (LON:ATT) Sets New 1-Year High - Should You Buy?

Allianz Technology Trust (LON:ATT - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 348.20 ($4.50) and last traded at GBX 371 ($4.80), with a volume of 2136003 shares trading hands. The stock had previously closed at GBX 360.50 ($4.66).

Allianz Technology Trust Stock Performance

The company has a market capitalization of £1.42 billion, a PE ratio of 2.82 and a beta of 0.52. The stock's 50 day moving average is GBX 422.66 and its 200 day moving average is GBX 394.81.

Allianz Technology Trust (LON:ATT - Get Free Report) last posted its quarterly earnings results on Thursday, March 13th. The company reported GBX (1.12) (($0.01)) EPS for the quarter. Allianz Technology Trust had a return on equity of 34.32% and a net margin of 98.24%.

Insider Buying and Selling at Allianz Technology Trust

In other news, insider Lucy Costa purchased 7,180 shares of the firm's stock in a transaction dated Friday, January 31st. The shares were purchased at an average price of GBX 441 ($5.70) per share, with a total value of £31,663.80 ($40,956.93). Insiders own 2.10% of the company's stock.

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.