Allianz Technology Trust (LON:ATT) Sets New 52-Week High - Should You Buy?

Key Points

• Allianz Technology Trust's share price reached a new 52-week high at GBX 461 ($6.16), with a trading volume of 79,867 shares.
• The Trust has a market capitalization of £1.75 billion and a P/E ratio of 3.48, indicating strong growth potential in the technology sector.
• Managed by the AllianzGI Global Technology team in San Francisco, the Trust focuses on long-term capital growth by investing in global technology companies.

Allianz Technology Trust (LON:ATT - Get Free Report) hit a new 52-week high on Tuesday . The stock traded as high as GBX 461 ($6.09) and last traded at GBX 461 ($6.09), with a volume of 79867 shares. The stock had previously closed at GBX 454 ($6.00).

Allianz Technology Trust Price Performance

The firm has a market cap of £1.74 billion, a price-to-earnings ratio of 3.45 and a beta of 0.52. The firm has a fifty day simple moving average of GBX 423.02 and a two-hundred day simple moving average of GBX 400.75.

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.