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

Allianz Technology Trust (LON:ATT)’s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 577.58 and traded as high as GBX 685. Allianz Technology Trust shares last traded at GBX 677.25, with a volume of 16,739,166 shares trading hands.

Allianz Technology Trust Price Performance

The stock has a market cap of £2.32 billion, a price-to-earnings ratio of 6.18 and a beta of 0.67. The business’s 50-day simple moving average is GBX 577.58 and its two-hundred day simple moving average is GBX 546.77.

Allianz Technology Trust (LON:ATT) last issued its earnings results on Monday, March 16th. The company reported GBX (1.11) earnings per share for the quarter. Allianz Technology Trust had a net margin of 96.52% and a return on equity of 21.46%.

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. 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.