Allianz Technology Trust (LON:ATT) Share Price Passes Below 50 Day Moving Average – Should You Sell?

Allianz Technology Trust (LON:ATT)’s stock price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 701.55 and traded as low as GBX 698.99. Allianz Technology Trust shares last traded at GBX 703, with a volume of 546,433 shares trading hands.

Allianz Technology Trust Trading Up 0.3%

The stock’s 50-day moving average is GBX 700.86 and its 200-day moving average is GBX 652.38. The company has a market cap of £2.30 billion, a price-to-earnings ratio of 2.03 and a beta of 0.59.

Allianz Technology Trust (LON:ATT) last posted 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 50.98%.

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. 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.