Allianz Technology Trust (LON:ATT) Shares Cross Below Fifty Day Moving Average of $345.33

Allianz Technology Trust PLC (LON:ATT)’s share price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 345.33 ($4.27) and traded as low as GBX 331.50 ($4.09). Allianz Technology Trust shares last traded at GBX 335 ($4.14), with a volume of 1,010,858 shares trading hands.

Allianz Technology Trust Trading Up 2.8 %

The stock has a 50 day simple moving average of GBX 345.33 and a 200-day simple moving average of GBX 309.05. The firm has a market capitalization of £1.19 billion, a P/E ratio of 316.04 and a beta of 0.59.

Insider Buying and Selling at Allianz Technology Trust

In other news, insider Simon Davis purchased 2,800 shares of the business’s stock in a transaction on Wednesday, March 27th. The stock was acquired at an average cost of GBX 356 ($4.40) per share, for a total transaction of £9,968 ($12,312.25). Corporate insiders own 2.01% of the company’s stock.

Allianz Technology Trust Company Profile

Allianz Technology Trust PLC is a closed-ended equity mutual fund launched and managed by Allianz Global Investors GmbH. The fund invests in the public equity markets across the globe. It invests in stocks of companies operating in the technology, media, and telecoms sector. The fund invests in stocks of mid-cap and large-cap companies.