Allianz Technology Trust (LON:ATT) Shares Pass Above 50-Day Moving Average – Should You Sell?

Allianz Technology Trust (LON:ATT)’s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 640.32 and traded as high as GBX 700. Allianz Technology Trust shares last traded at GBX 692, with a volume of 1,857,014 shares traded.

Allianz Technology Trust Stock Performance

The stock has a fifty day simple moving average of GBX 647.89 and a two-hundred day simple moving average of GBX 571.16. The stock has a market capitalization of £2.48 billion, a price-to-earnings ratio of 6.62 and a beta of 0.67.

Allianz Technology Trust (LON:ATT) last issued its earnings results on Monday, March 16th. The company reported GBX (1.11) 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.