Allianz Technology Trust (LON:ATT) Sets New 52-Week High - Here's What Happened

Key Points

• Allianz Technology Trust's stock price reached a new 52-week high of GBX 498.50 ($6.72) during trading, reflecting a significant volume of over 10 million shares exchanged.
• The trust has a market capitalization of £1.84 billion, with a notably high P/E ratio of 1,324.84 and a strong net margin of 98.24%.
• Managed by AllianzGI Global Technology in San Francisco, the trust aims for long-term capital growth through investments in global technology companies.

Shares of Allianz Technology Trust (LON:ATT - Get Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as GBX 498.50 ($6.74) and last traded at GBX 498.50 ($6.74), with a volume of 10523612 shares. The stock had previously closed at GBX 496.18 ($6.71).

Allianz Technology Trust Stock Performance

The stock has a market capitalization of £1.86 billion, a P/E ratio of 1,335.26 and a beta of 0.52. The stock has a 50-day simple moving average of GBX 461.71 and a 200 day simple moving average of GBX 409.52.

Allianz Technology Trust (LON:ATT - Get Free Report) last announced its quarterly earnings data 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%.

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.