Allianz Technology Trust (LON:ATT) Shares Pass Below 50-Day Moving Average - Time to Sell?

Allianz Technology Trust (LON:ATT - Get Free Report)'s share price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 386.79 ($5.14) and traded as low as GBX 338.23 ($4.50). Allianz Technology Trust shares last traded at GBX 340 ($4.52), with a volume of 1,281,984 shares changing hands.

Allianz Technology Trust Price Performance

The business has a 50 day simple moving average of GBX 377.23 and a 200 day simple moving average of GBX 394.78. The company has a market capitalization of £1.23 billion, a price-to-earnings ratio of 2.45 and a beta of 0.52.

Allianz Technology Trust (LON:ATT - Get Free Report) last issued its quarterly earnings results 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 other news, insider Lucy Costa bought 7,180 shares of the business's stock in a transaction dated Friday, January 31st. The shares were acquired at an average price of GBX 441 ($5.87) per share, for a total transaction of £31,663.80 ($42,117.32). Corporate insiders own 2.10% of the company's stock.

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.