Allianz Technology Trust (LON:ATT) Reaches New 1-Year High – Here’s Why

Allianz Technology Trust (LON:ATT)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 358.80 ($4.66) and last traded at GBX 372.32 ($4.84), with a volume of 1646836 shares changing hands. The stock had previously closed at GBX 375 ($4.87).

Allianz Technology Trust Trading Down 0.7 %

The firm has a market capitalization of £1.41 billion, a PE ratio of 2.81 and a beta of 0.52. The business has a 50 day moving average price of GBX 421.49 and a 200-day moving average price of GBX 394.90.

Allianz Technology Trust (LON:ATT) last released its earnings results on Thursday, March 13th. The company reported GBX (1.12) (($0.01)) EPS for the quarter. Allianz Technology Trust had a net margin of 98.24% and a return on equity of 34.32%.

Insider Buying and Selling at Allianz Technology Trust

In other Allianz Technology Trust news, insider Lucy Costa bought 7,180 shares of Allianz Technology Trust stock in a transaction that occurred on Friday, January 31st. The shares were purchased at an average cost of GBX 441 ($5.73) per share, for a total transaction of £31,663.80 ($41,127.16). 2.10% of the stock is owned by insiders.

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.