Allianz Technology Trust (LON:ATT) Sets New 52-Week High – What’s Next?

Allianz Technology Trust (LON:ATT)’s share price hit a new 52-week high on Tuesday . The stock traded as high as GBX 635 and last traded at GBX 632.95, with a volume of 285829 shares. The stock had previously closed at GBX 624.05.

Allianz Technology Trust Price Performance

The stock has a market capitalization of £2.28 billion, a P/E ratio of 6.01 and a beta of 0.57. The company’s 50 day simple moving average is GBX 554.61 and its two-hundred day simple moving average is GBX 537.46.

Allianz Technology Trust (LON:ATT) last released its quarterly 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%.

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. 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.