Free Trial

Allianz Technology Trust (LON:ATT) Hits New 1-Year High - Here's Why

Allianz Technology Trust logo with Financial Services background

Allianz Technology Trust (LON:ATT - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 362.70 ($4.87) and last traded at GBX 354 ($4.76), with a volume of 576883 shares. The stock had previously closed at GBX 350.50 ($4.71).

Allianz Technology Trust Stock Performance

The company has a market cap of £1.34 billion, a P/E ratio of 2.67 and a beta of 0.52. The firm has a 50 day moving average price of GBX 363.59 and a 200-day moving average price of GBX 394.12.

Allianz Technology Trust (LON:ATT - Get Free Report) last announced its earnings results on Thursday, March 13th. The company reported GBX (1.12) (($0.02)) earnings per share for the quarter. Allianz Technology Trust had a net margin of 98.24% and a return on equity of 34.32%.

Insider Buying and Selling

In related news, insider Lucy Costa acquired 7,180 shares of the business's stock in a transaction dated Friday, January 31st. The stock was bought at an average price of GBX 441 ($5.93) per share, with a total value of £31,663.80 ($42,541.72). 2.10% of the stock is owned by company insiders.

About Allianz Technology Trust

(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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Allianz Technology Trust Right Now?

Before you consider Allianz Technology Trust, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Allianz Technology Trust wasn't on the list.

While Allianz Technology Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

5 Stocks to BUY NOW in May 2025
3 Stocks Offering Rare Generational Buying Opportunities
Make Your Money Work Harder: The Power of Dividend Investing

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines