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

Key Points

• Allianz Technology Trust (LON:ATT) reached a new 52-week high, trading at GBX 505 ($6.81) with a significant volume of 431,161 shares on Thursday.
• The Trust has a market capitalization of £1.88 billion and reported a P/E ratio of 1,350.96, indicating high investor valuation relative to earnings.
• The Trust aims for long-term capital growth by investing primarily in global technology companies, managed by a seasoned team based in Silicon Valley.

Shares of Allianz Technology Trust (LON:ATT - Get Free Report) hit a new 52-week high during trading on Thursday . The company traded as high as GBX 505 ($6.81) and last traded at GBX 504.67 ($6.80), with a volume of 431161 shares traded. The stock had previously closed at GBX 499 ($6.73).

Allianz Technology Trust Price Performance

The stock's 50-day moving average price is GBX 468.99 and its 200 day moving average price is GBX 415.24. The firm has a market cap of £1.88 billion, a P/E ratio of 1,350.96 and a beta of 0.52.

Allianz Technology Trust (LON:ATT - Get Free Report) last posted its quarterly 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.

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