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

Key Points

• The Allianz Technology Trust (LON:ATT) reached a new 52-week high of GBX 519 ($6.97) during mid-day trading, closing at GBX 509 ($6.83) with a volume of 1,545,584 shares.
• The trust has a market cap of £1.88 billion and reported impressive metrics including a return on equity of 34.32% and a net margin of 98.24%.
• Managed by the AllianzGI Global Technology team, the trust aims for long-term capital growth by investing primarily in global technology companies.

Allianz Technology Trust (LON:ATT - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 519 ($6.97) and last traded at GBX 509 ($6.83), with a volume of 1545584 shares. The stock had previously closed at GBX 512 ($6.87).

Allianz Technology Trust Stock Up 0.3%

The stock has a market cap of £1.88 billion, a P/E ratio of 1,363.84 and a beta of 0.52. The firm's fifty day moving average price is GBX 473.65 and its 200-day moving average price is GBX 419.27.

Allianz Technology Trust (LON:ATT - Get Free Report) last announced its quarterly earnings results on Monday, August 11th. The company reported GBX (0.42) EPS for the quarter. Allianz Technology Trust had a return on equity of 34.32% and a net margin of 98.24%.

About Allianz Technology Trust

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.

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