Allianz Technology Trust (LON:ATT) Stock Price Passes Above Fifty Day Moving Average - What's Next?

Key Points

• Allianz Technology Trust (LON:ATT) shares recently surpassed their 50-day moving average, trading at GBX 460.50 ($6.22) with a daily volume of 806,263 shares.
• The trust has a market capitalization of £1.72 billion, a P/E ratio of 385.16, and reported GBX (0.42) earnings per share in its latest earnings results.
• Managed by the AllianzGI Global Technology team, the trust aims for long-term capital growth by investing primarily in global technology companies.

Allianz Technology Trust (LON:ATT - Get Free Report) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 446.28 ($5.98) and traded as high as GBX 469.75 ($6.29). Allianz Technology Trust shares last traded at GBX 460.50 ($6.17), with a volume of 806,263 shares traded.

Allianz Technology Trust Stock Performance

The company has a market capitalization of £1.67 billion, a price-to-earnings ratio of 375.54 and a beta of 0.52. The firm has a fifty day moving average price of GBX 447.29 and a 200-day moving average price of GBX 403.26.

Allianz Technology Trust (LON:ATT - Get Free Report) last released its earnings results on Monday, August 11th. The company reported GBX (0.42) 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%.

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.