Allianz Technology Trust (LON:ATT) Stock Crosses Above 50 Day Moving Average - What's Next?

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 - )'s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 416.77 ($5.63) and traded as high as GBX 448.38 ($6.06). Allianz Technology Trust shares last traded at GBX 446.50 ($6.03), with a volume of 418,214 shares changing hands.

Allianz Technology Trust Stock Performance

The company's 50-day moving average is GBX 416.77 and its 200-day moving average is GBX 399.36. The firm has a market cap of £1.71 billion, a price-to-earnings ratio of 3.40 and a beta of 0.52.

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.

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