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Allianz Technology Trust (LON:ATT) Stock Price Passes Below 50-Day Moving Average - Should You Sell?

Allianz Technology Trust logo with Financial Services background

Allianz Technology Trust (LON:ATT - Get Free Report) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 360.22 ($4.79) and traded as low as GBX 345 ($4.59). Allianz Technology Trust shares last traded at GBX 355 ($4.72), with a volume of 878,812 shares trading hands.

Allianz Technology Trust Price Performance

The firm has a market capitalization of £1.41 billion, a P/E ratio of 2.81 and a beta of 0.52. The stock's fifty day simple moving average is GBX 357.62 and its 200 day simple moving average is GBX 393.89.

Allianz Technology Trust (LON:ATT - Get Free Report) 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%.

Allianz Technology Trust Company Profile

(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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