Allianz Technology Trust (LON:ATT) Share Price Crosses Above 50 Day Moving Average – Here’s What Happened

Allianz Technology Trust (LON:ATT)’s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 712.70 and traded as high as GBX 726. Allianz Technology Trust shares last traded at GBX 720.20, with a volume of 778,749 shares trading hands.

Allianz Technology Trust Stock Performance

The firm’s 50 day moving average price is GBX 712.24 and its two-hundred day moving average price is GBX 627.02. The firm has a market cap of £2.44 billion, a PE ratio of 2.14 and a beta of 0.60.

Allianz Technology Trust (LON:ATT) last released its quarterly earnings results on Monday, August 3rd. The company reported GBX 249.85 EPS for the quarter. Allianz Technology Trust had a net margin of 97.63% and a return on equity of 64.89%.

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. 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.