Allianz Technology Trust (LON:ATT) Stock Price Passes Above 50 Day Moving Average – Here’s What Happened

Shares of Allianz Technology Trust (LON:ATT) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 712.70 and traded as high as GBX 726. Allianz Technology Trust shares last traded at GBX 720.20, with a volume of 778,749 shares traded.

Allianz Technology Trust Price Performance

The stock has a market capitalization of £2.37 billion, a P/E ratio of 2.07 and a beta of 0.60. The company has a fifty day moving average of GBX 712.70 and a two-hundred day moving average of GBX 625.69.

Allianz Technology Trust (LON:ATT) last announced its quarterly earnings data on Monday, August 3rd. The company reported GBX 249.85 earnings per share (EPS) for the quarter. Allianz Technology Trust had a return on equity of 64.89% and a net margin of 97.63%.

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.