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Allianz Technology Trust (LON:ATT) Shares Pass Above 50 Day Moving Average - Here's Why

Allianz Technology Trust logo with Financial Services background

Allianz Technology Trust (LON:ATT - Get Free Report) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 369.02 ($5.02) and traded as high as GBX 415 ($5.65). Allianz Technology Trust shares last traded at GBX 414 ($5.64), with a volume of 478,170 shares traded.

Allianz Technology Trust Price Performance

The firm's 50-day simple moving average is GBX 369.02 and its 200 day simple moving average is GBX 396.59. The firm has a market capitalization of £1.56 billion, a price-to-earnings ratio of 3.10 and a beta of 0.52.

Allianz Technology Trust (LON:ATT - Get Free Report) last announced its quarterly earnings data on Thursday, March 13th. The company reported GBX (1.12) (($0.02)) earnings per share for the quarter. Allianz Technology Trust had a return on equity of 34.32% and a net margin of 98.24%.

About Allianz Technology Trust

(Get Free Report)

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.

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