Allianz Technology Trust (LON:ATT) Stock Price Crosses Above 50-Day Moving Average – Here’s Why

Allianz Technology Trust (LON:ATTGet Free Report)’s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 712.87 and traded as high as GBX 720. Allianz Technology Trust shares last traded at GBX 720, with a volume of 3,235,016 shares traded.

Allianz Technology Trust Stock Performance

The company has a market capitalization of £2.43 billion, a PE ratio of 6.58 and a beta of 0.68. The company’s 50-day simple moving average is GBX 712.87 and its 200-day simple moving average is GBX 603.94.

Allianz Technology Trust Company Profile

(Get Free Report)

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.

Further Reading

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