Allianz Technology Trust (LON:ATT) Hits New 12-Month High - Here's What Happened

Key Points

• Allianz Technology Trust (LON:ATT) hit a new 52-week high, trading as high as GBX 635 and last at GBX 632.95 on volume of 285,829 shares, roughly a 1.7% rise from the prior close of GBX 624.05.
• The stock's 50-day and 200-day moving averages are GBX 550.29 and GBX 535.39, and the trust has a market capitalization of £2.20 billion, a P/E ratio of 5.80 and a beta of 0.65.
• In its most recent quarterly results (March 16) the trust reported EPS of GBX (1.11) and recorded a net margin of 96.52% with a return on equity of 21.46%.

Allianz Technology Trust (LON:ATT - Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 635 and last traded at GBX 632.95, with a volume of 285829 shares changing hands. The stock had previously closed at GBX 624.05.

Allianz Technology Trust Stock Up 1.7%

The stock's 50-day moving average price is GBX 550.29 and its 200 day moving average price is GBX 535.39. The firm has a market capitalization of £2.20 billion, a price-to-earnings ratio of 5.80 and a beta of 0.65.

Allianz Technology Trust (LON:ATT - Get 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%.

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.

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