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

Shares of Allianz Technology Trust (LON:ATTGet Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 299.10 ($3.91) and last traded at GBX 374.50 ($4.90), with a volume of 1606265 shares. The stock had previously closed at GBX 372.50 ($4.88).

Allianz Technology Trust Stock Up 0.5 %

The firm has a fifty day moving average of GBX 353.23 and a 200-day moving average of GBX 361.88. The stock has a market capitalization of £1.44 billion, a price-to-earnings ratio of 283.71 and a beta of 0.52.

Insider Buying and Selling

In other news, insider Simon Davis acquired 2,879 shares of Allianz Technology Trust stock in a transaction that occurred on Thursday, October 3rd. The stock was purchased at an average cost of GBX 347 ($4.54) per share, with a total value of £9,990.13 ($13,074.38). 2.10% of the stock is currently owned by insiders.

About Allianz Technology Trust

(Get Free Report)

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.

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