Shares of Allianz Technology Trust (LON:ATT – Get Free Report) passed below its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of GBX 726 and traded as low as GBX 699. Allianz Technology Trust shares last traded at GBX 704, with a volume of 665,101 shares changing hands.
Allianz Technology Trust Stock Up 0.1%
The firm’s 50 day simple moving average is GBX 724.90 and its 200-day simple moving average is GBX 696.94. The company has a market capitalization of £2.21 billion, a PE ratio of 1.98 and a beta of 0.54.
Allianz Technology Trust (LON:ATT – Get Free Report) last issued its earnings results on Monday, August 3rd. The company reported GBX 249.85 EPS for the quarter. Allianz Technology Trust had a net margin of 97.63% and a return on equity of 50.98%.
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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