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

Shares of Allianz Technology Trust (LON:ATT) hit a new 52-week high on Tuesday . The company traded as high as GBX 358.80 ($4.67) and last traded at GBX 372.32 ($4.84), with a volume of 1646836 shares trading hands. The stock had previously closed at GBX 375 ($4.88).

Allianz Technology Trust Trading Down 0.3 %

The stock’s fifty day simple moving average is GBX 419.58 and its 200-day simple moving average is GBX 394.85. The company has a market capitalization of £1.43 billion, a price-to-earnings ratio of 2.85 and a beta of 0.52.

Allianz Technology Trust (LON:ATT) last released its earnings results on Thursday, March 13th. The company reported GBX (1.12) (($0.01)) earnings per share for the quarter. Allianz Technology Trust had a return on equity of 34.32% and a net margin of 98.24%.

Insider Activity at Allianz Technology Trust

In other Allianz Technology Trust news, insider Lucy Costa bought 7,180 shares of the business’s stock in a transaction dated Friday, January 31st. The shares were acquired at an average cost of GBX 441 ($5.74) per share, with a total value of £31,663.80 ($41,191.36). Insiders own 2.10% of the company’s stock.

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.