Allianz Technology Trust (LON:ATT) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

Allianz Technology Trust (LON:ATT)’s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 535.26 and traded as high as GBX 546. Allianz Technology Trust shares last traded at GBX 534, with a volume of 1,535,355 shares.

Allianz Technology Trust Price Performance

The company has a market cap of £1.89 billion, a price-to-earnings ratio of 14.26 and a beta of 0.52. The company’s 50-day simple moving average is GBX 535.26 and its 200-day simple moving average is GBX 512.12.

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.