Allianz Technology Trust (LON:ATT) Hits New 12-Month High – Here’s Why

Allianz Technology Trust (LON:ATT) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 453.80 and last traded at GBX 695, with a volume of 1333345 shares trading hands. The stock had previously closed at GBX 711.68.

Allianz Technology Trust Stock Performance

The firm’s fifty day simple moving average is GBX 706.51 and its 200 day simple moving average is GBX 642.43. The firm has a market cap of £2.29 billion, a P/E ratio of 2.00 and a beta of 0.60.

Allianz Technology Trust (LON:ATT) last issued its quarterly earnings data on Monday, August 3rd. The company reported GBX 249.85 earnings per share for the quarter. Allianz Technology Trust had a return on equity of 50.98% and a net margin of 97.63%.

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. The team looks to identify major trends ahead of the crowd and invest in stocks that have the potential to be tomorrow’s Apple, Google or Microsoft.

The Trust invests in mid to large technology companies.