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

Key Points

• Allianz Technology Trust (LON:ATT) reached a new 52-week high of GBX 483 ($6.57) with a trading volume of 844,706 shares.
• The company's P/E ratio is notably high at 1,294.71, with a return on equity of 34.32% and a net margin of 98.24% reported in its recent earnings.
• Managed by the AllianzGI Global Technology team, Allianz Technology Trust focuses on long-term capital growth through investments mainly in global technology companies.

Allianz Technology Trust (LON:ATT - Get Free Report) shares reached a new 52-week high on Tuesday . The company traded as high as GBX 483 ($6.51) and last traded at GBX 483 ($6.51), with a volume of 844706 shares changing hands. The stock had previously closed at GBX 481.47 ($6.49).

Allianz Technology Trust Trading Up 0.8%

The firm has a market capitalization of £1.84 billion, a price-to-earnings ratio of 1,325.27 and a beta of 0.52. The firm's 50-day moving average is GBX 460.47 and its 200 day moving average is GBX 408.42.

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

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.