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

Allianz Technology Trust (LON:ATT) shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 612.04 and traded as high as GBX 759. Allianz Technology Trust shares last traded at GBX 758, with a volume of 1,579,369 shares.

Allianz Technology Trust Price Performance

The company’s 50-day moving average price is GBX 612.04 and its two-hundred day moving average price is GBX 558.52. The company has a market capitalization of £2.61 billion, a price-to-earnings ratio of 6.93 and a beta of 0.67.

Allianz Technology Trust (LON:ATT) last posted its quarterly earnings results on Monday, March 16th. The company reported GBX (1.11) EPS for the quarter. Allianz Technology Trust had a return on equity of 21.46% and a net margin of 96.52%.

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.