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

Key Points

• Allianz Technology Trust's stock recently exceeded its fifty-day moving average, reaching a price high of GBX 448.38 ($6.06).
• The stock has a market capitalization of £1.71 billion and a price-to-earnings ratio of 3.40, indicating potential investment attractiveness.
• The Trust is managed by AllianzGI's experienced team in San Francisco, aiming for long-term capital growth through global technology investments.

Allianz Technology Trust (LON:ATT - Get Free Report)'s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 416.77 ($5.57) and traded as high as GBX 448.38 ($5.99). Allianz Technology Trust shares last traded at GBX 446.50 ($5.97), with a volume of 418,214 shares.

Allianz Technology Trust Stock Up 0.2%

The company has a market cap of £1.73 billion, a P/E ratio of 3.44 and a beta of 0.52. The firm's 50 day moving average is GBX 418.97 and its two-hundred day moving average is GBX 399.53.

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.