Allianz Technology Trust (LON:ATT) Sets New 52-Week High – Still a Buy?

Allianz Technology Trust (LON:ATT) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 551 and last traded at GBX 550, with a volume of 358885 shares. The stock had previously closed at GBX 537.

Allianz Technology Trust Trading Up 0.2%

The company has a fifty day moving average of GBX 526.08 and a 200-day moving average of GBX 493.49. The stock has a market cap of £1.95 billion, a PE ratio of 14.69 and a beta of 0.52.

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.