Allianz Technology Trust (LON:ATT) Shares Cross Above Fifty Day Moving Average – Here’s Why

Allianz Technology Trust (LON:ATT) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 507.90 and traded as high as GBX 509. Allianz Technology Trust shares last traded at GBX 504, with a volume of 2,448,385 shares traded.

Allianz Technology Trust Trading Down 0.3%

The firm’s fifty day moving average price is GBX 507.90 and its 200-day moving average price is GBX 456.57. The company has a market cap of £1.83 billion, a price-to-earnings ratio of 13.42 and a beta of 0.52.

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.