Allianz Technology Trust (LON:ATT) Shares Cross Above 50-Day Moving Average - Time to Sell?

Key Points

• Shares crossed above the 50-day moving average: Allianz Technology Trust (LON:ATT) traded as high as GBX 534 and last at GBX 532, with volume of 2,111,974 shares, moving above its 50-day MA of GBX 530.90.
• Key financials and recent results: The trust has a market cap of £1.88 billion and a P/E of 14.21; latest quarterly EPS was GBX (1.11), while reported net margin was 96.52% and return on equity 21.46%.
• Investment mandate and management: It is a UK-listed closed-end fund managed by the AllianzGI Global Technology team in San Francisco, investing principally in mid-to-large global technology companies for long-term capital growth.

Shares of Allianz Technology Trust (LON:ATT - Get Free Report) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 530.90 and traded as high as GBX 534. Allianz Technology Trust shares last traded at GBX 532, with a volume of 2,111,974 shares trading hands.

Allianz Technology Trust Price Performance

The business's 50 day moving average is GBX 530.90 and its 200 day moving average is GBX 522.82. The company has a market cap of £1.88 billion, a P/E ratio of 14.21 and a beta of 0.60.

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

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.

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