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

Allianz Technology Trust (LON:ATTGet Free Report)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as GBX 344.20 ($4.45) and last traded at GBX 387.50 ($5.01), with a volume of 1902746 shares traded. The stock had previously closed at GBX 379 ($4.90).

Allianz Technology Trust Stock Performance

The company has a market cap of £1.45 billion, a price-to-earnings ratio of 2.88 and a beta of 0.52. The company’s fifty day moving average is GBX 428.79 and its two-hundred day moving average is GBX 394.71.

Insider Transactions at Allianz Technology Trust

In related news, insider Lucy Costa bought 7,180 shares of the stock in a transaction dated Friday, January 31st. The shares were purchased at an average price of GBX 441 ($5.70) per share, for a total transaction of £31,663.80 ($40,925.16). Company insiders own 2.10% of the company’s stock.

About Allianz Technology Trust

(Get Free Report)

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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