Allianz Technology Trust (LON:ATT) Hits New 52-Week High – Here’s Why

Shares of Allianz Technology Trust (LON:ATT) hit a new 52-week high during trading on Friday . The company traded as high as GBX 316.60 ($3.93) and last traded at GBX 443 ($5.50), with a volume of 687498 shares traded. The stock had previously closed at GBX 434.50 ($5.40).

Allianz Technology Trust Price Performance

The stock has a market cap of £1.70 billion, a price-to-earnings ratio of 335.61 and a beta of 0.52. The business’s 50 day moving average is GBX 419.45 and its 200 day moving average is GBX 384.33.

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.