Allianz Technology Trust (LON:ATT) Reaches New 12-Month High – What’s Next?

Allianz Technology Trust (LON:ATTGet Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 344.20 ($4.40) and last traded at GBX 387.50 ($4.96), with a volume of 1902746 shares changing hands. The stock had previously closed at GBX 379 ($4.85).

Allianz Technology Trust Price Performance

The firm’s 50 day moving average is GBX 430.07 and its two-hundred day moving average is GBX 394.30. The firm has a market capitalization of £1.47 billion, a P/E ratio of 2.93 and a beta of 0.52.

Insider Activity

In other Allianz Technology Trust news, insider Lucy Costa purchased 7,180 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The shares were acquired at an average price of GBX 441 ($5.64) per share, for a total transaction of £31,663.80 ($40,506.33). 2.10% of the stock is owned by insiders.

Allianz Technology Trust Company Profile

(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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