Allianz Technology Trust (LON:ATT) Sets New 52-Week High – Here’s Why

Allianz Technology Trust (LON:ATT) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 419 ($5.29) and last traded at GBX 419 ($5.29), with a volume of 130252 shares. The stock had previously closed at GBX 415 ($5.24).

Allianz Technology Trust Stock Down 0.1 %

The firm has a market capitalization of £1.59 billion, a price-to-earnings ratio of 314.39 and a beta of 0.52. The company’s 50 day moving average price is GBX 386.60 and its 200 day moving average price is GBX 373.79.

Insider Buying and Selling

In other news, insider Simon Davis bought 2,879 shares of the company’s stock in a transaction that occurred on Thursday, October 3rd. The shares were purchased at an average price of GBX 347 ($4.38) per share, for a total transaction of £9,990.13 ($12,609.02). 2.10% of the stock is currently owned by company insiders.

Allianz Technology Trust Company Profile

Allianz Technology Trust PLC is a closed-ended equity mutual fund launched and managed by Allianz Global Investors GmbH. The fund invests in the public equity markets across the globe. It invests in stocks of companies operating in the technology, media, and telecoms sector. The fund invests in stocks of mid-cap and large-cap companies.