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

Key Points

• Allianz Technology Trust's stock has surpassed its fifty-day moving average, currently trading at GBX 460.50 ($6.22), up from a moving average of GBX 446.28 ($6.03).
• The company reported a significant net margin of 98.24% and a return on equity of 34.32% in its latest quarterly earnings.
• Allianz Technology Trust, which focuses on long-term capital growth by investing in global technology companies, is managed by a team based in Silicon Valley.

Allianz Technology Trust (LON:ATT - Get Free Report) passed above its 50 day moving average during trading on Friday . The stock has a 50 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 changing hands.

Allianz Technology Trust Stock Performance

The business's fifty day moving average is GBX 447.29 and its 200-day moving average is GBX 403.26. The firm has a market cap of £1.67 billion, a P/E ratio of 375.54 and a beta of 0.52.

Allianz Technology Trust (LON:ATT - Get Free Report) last issued its quarterly earnings data on Monday, August 11th. The company reported GBX (0.42) earnings per share (EPS) for the quarter. Allianz Technology Trust had a net margin of 98.24% and a return on equity of 34.32%.

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.