Allianz Technology Trust (LON:ATT) Sets New 12-Month Low - Here's What Happened

Allianz Technology Trust (LON:ATT - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 285 ($3.73) and last traded at GBX 293 ($3.84), with a volume of 12654224 shares changing hands. The stock had previously closed at GBX 322 ($4.21).

Allianz Technology Trust Price Performance

The firm has a market cap of £1.26 billion, a P/E ratio of 2.50 and a beta of 0.52. The company has a fifty day moving average of GBX 388.77 and a 200-day moving average of GBX 395.14.

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

Insider Buying and Selling at Allianz Technology Trust

In other Allianz Technology Trust news, insider Lucy Costa acquired 7,180 shares of the business's stock in a transaction on Friday, January 31st. The shares were acquired at an average price of GBX 441 ($5.77) per share, with a total value of £31,663.80 ($41,444.76). Company insiders own 2.10% of the company's stock.

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.