Allianz Technology Trust (LON:ATT) Stock Price Crosses Below 50 Day Moving Average – What’s Next?

Shares of Allianz Technology Trust (LON:ATT) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 386.79 ($5.12) and traded as low as GBX 338.23 ($4.48). Allianz Technology Trust shares last traded at GBX 340 ($4.50), with a volume of 1,281,984 shares traded.

Allianz Technology Trust Price Performance

The firm has a market capitalization of £1.27 billion, a P/E ratio of 2.52 and a beta of 0.52. The business’s 50-day moving average is GBX 382.39 and its 200 day moving average is GBX 395.17.

Allianz Technology Trust (LON:ATT) last issued its quarterly earnings results on Thursday, March 13th. The company reported GBX (1.12) (($0.01)) earnings per share (EPS) for the quarter. Allianz Technology Trust had a return on equity of 34.32% and a net margin of 98.24%.

Insider Activity at Allianz Technology Trust

In other news, insider Lucy Costa bought 7,180 shares of the firm’s stock in a transaction on Friday, January 31st. The shares were purchased at an average cost of GBX 441 ($5.84) per share, with a total value of £31,663.80 ($41,911.05). 2.10% of the stock is owned by insiders.

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.