Allianz Technology Trust (LON:ATT) Sets New 1-Year High – Still a Buy?

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

Allianz Technology Trust Trading Down 0.1 %

The firm’s 50-day moving average price is GBX 386.60 and its two-hundred day moving average price is GBX 373.79. The stock has a market cap of £1.59 billion, a PE ratio of 314.39 and a beta of 0.52.

Insiders Place Their Bets

In other news, insider Simon Davis bought 2,879 shares of Allianz Technology Trust stock in a transaction on Thursday, October 3rd. The stock was acquired at an average cost of GBX 347 ($4.38) per share, for a total transaction of £9,990.13 ($12,609.02). 2.10% of the stock is 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.