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

by · The Markets Daily

Allianz Technology Trust (LON:ATT – Get Free Report) reached a new 52-week high during trading on Wednesday. The company traded as high as GBX 771 and last traded at GBX 771, with a volume of 7062864 shares trading hands. The stock had previously closed at GBX 759.

Allianz Technology Trust Stock Up 1.2%

The stock has a market capitalization of £2.52 billion, a price-to-earnings ratio of 2.22 and a beta of 0.59. The business has a 50-day simple moving average of GBX 710.60 and a two-hundred day simple moving average of GBX 673.97.

Allianz Technology Trust (LON:ATT – Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The company reported GBX 249.85 earnings per share for the quarter. Allianz Technology Trust had a return on equity of 50.98% and a net margin of 97.63%.

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. 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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