Allianz Technology Trust (LON:ATT) Reaches New 12-Month High - Should You Buy?

Key Points

• New 52-week high: Allianz Technology Trust hit a new 52-week high mid-day, trading as high as GBX 569 (last at GBX 565.65) on volume of 469,875 shares and was up about 1.6%.
• Valuation and recent results: The trust has a market cap of £2.00 billion and a P/E of 5.28 with 50/200-day moving averages around GBX 530.6/526.0; it reported quarterly EPS of GBX (1.11) while showing a ROE of 21.46% and a net margin of 96.52%.
• Investment strategy: Managed by AllianzGI's San Francisco technology team, the UK-listed closed-end fund targets long-term capital growth by investing in mid-to-large global technology companies positioned to lead major trends.

Allianz Technology Trust (LON:ATT - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 569 and last traded at GBX 565.65, with a volume of 469875 shares traded. The stock had previously closed at GBX 568.

Allianz Technology Trust Trading Up 1.6%

The stock has a market cap of £2.00 billion, a price-to-earnings ratio of 5.28 and a beta of 0.65. The stock's 50-day moving average price is GBX 530.63 and its 200-day moving average price is GBX 526.02.

Allianz Technology Trust (LON:ATT - Get Free Report) last issued its quarterly earnings results on Monday, March 16th. The company reported GBX (1.11) earnings per share (EPS) for the quarter. Allianz Technology Trust had a return on equity of 21.46% and a net margin of 96.52%.

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. The team looks to identify major trends ahead of the crowd and invest in stocks that have the potential to be tomorrow's Apple, Google or Microsoft. The Trust invests in mid to large technology companies.

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