Allianz Technology Trust (LON:ATT) Stock Crosses Below Fifty Day Moving Average – Here’s Why

Allianz Technology Trust (LON:ATT) shares passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 416.82 ($5.40) and traded as low as GBX 386 ($5.00). Allianz Technology Trust shares last traded at GBX 389.28 ($5.04), with a volume of 3,834,739 shares trading hands.

Allianz Technology Trust Stock Performance

The stock has a fifty day simple moving average of GBX 414.72 and a 200-day simple moving average of GBX 396.16. The stock has a market cap of £1.42 billion, a P/E ratio of 2.83 and a beta of 0.52.

Allianz Technology Trust (LON:ATT) last posted its quarterly earnings data on Thursday, March 13th. The company reported GBX (1.12) (($0.01)) earnings per share (EPS) for the quarter. Allianz Technology Trust had a return on equity of 34.32% and a net margin of 98.24%.

Insider Transactions at Allianz Technology Trust

In related news, insider Lucy Costa bought 7,180 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were acquired at an average price of GBX 441 ($5.71) per share, with a total value of £31,663.80 ($40,994.04). 2.10% of the stock is currently owned by insiders.

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.