Allianz Technology Trust (LON:ATT) Reaches New 1-Year High - What's Next?

Key Points

• Allianz Technology Trust has reached a new 52-week high, trading at GBX 478 ($6.47), indicating positive market sentiment for the stock.
• The trust has a high price-to-earnings ratio of 1,276.71 and a market capitalization of £1.78 billion, suggesting its valuation is significantly elevated compared to earnings.
• Managed by the AllianzGI Global Technology team in San Francisco, Allianz Technology Trust focuses on long-term capital growth by investing in technology companies worldwide.

Allianz Technology Trust (LON:ATT - Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as GBX 478 ($6.47) and last traded at GBX 475.50 ($6.43), with a volume of 549457 shares. The stock had previously closed at GBX 469 ($6.34).

Allianz Technology Trust Price Performance

The firm has a market cap of £1.78 billion, a price-to-earnings ratio of 1,276.71 and a beta of 0.52. The firm has a fifty day simple moving average of GBX 452.17 and a two-hundred day simple moving average of GBX 404.10.

Allianz Technology Trust (LON:ATT - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The company reported GBX (0.42) earnings per share for the quarter. Allianz Technology Trust had a return on equity of 34.32% and a net margin of 98.24%.

Allianz Technology Trust Company Profile

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.

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