Shares of Allianz Technology Trust (LON:ATT – Get Free Report) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 701.55 and traded as low as GBX 698.99. Allianz Technology Trust shares last traded at GBX 703, with a volume of 546,433 shares trading hands.
Allianz Technology Trust Trading Down 0.3%
The company has a market capitalization of £2.29 billion, a price-to-earnings ratio of 2.02 and a beta of 0.59. The firm’s 50 day moving average price is GBX 701.55 and its two-hundred day moving average price is GBX 650.88.
Allianz Technology Trust (LON:ATT – Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The company reported GBX 249.85 earnings per share for the quarter. Allianz Technology Trust had a return on equity of 50.98% and a net margin of 97.63%.
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. 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.
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