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

Allianz Technology Trust (LON:ATT)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 620 and last traded at GBX 618, with a volume of 244762 shares traded. The stock had previously closed at GBX 614.86.

Allianz Technology Trust Stock Performance

The firm has a market capitalization of £2.13 billion, a PE ratio of 5.63 and a beta of 0.65. The company’s 50-day moving average price is GBX 543.67 and its 200-day moving average price is GBX 532.07.

Allianz Technology Trust (LON:ATT) last released its quarterly earnings data 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%.

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. 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.