Allianz Technology Trust (LON:ATT) Sets New 1-Year High – Here’s What Happened

Allianz Technology Trust (LON:ATTGet Free Report) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 672 and last traded at GBX 669, with a volume of 93287 shares changing hands. The stock had previously closed at GBX 661.

Allianz Technology Trust Stock Up 2.7%

The stock has a 50-day moving average of GBX 564.75 and a 200 day moving average of GBX 542.17. The stock has a market cap of £2.35 billion, a PE ratio of 6.24 and a beta of 0.67.

Allianz Technology Trust (LON:ATTGet Free Report) last issued its earnings results on Monday, March 16th. The company reported GBX (1.11) EPS for the quarter. Allianz Technology Trust had a net margin of 96.52% and a return on equity of 21.46%.

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. 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.

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