Allianz Technology Trust (LON:ATT) Share Price Passes Above 50-Day Moving Average - Here's Why

Allianz Technology Trust (LON:ATT - Get Free Report) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 356.65 ($4.63) and traded as high as GBX 379.50 ($4.92). Allianz Technology Trust shares last traded at GBX 375 ($4.86), with a volume of 1,194,981 shares trading hands.

Allianz Technology Trust Stock Performance

The company has a market cap of £1.40 billion, a P/E ratio of 277.52 and a beta of 0.52. The stock's fifty day moving average price is GBX 356.68 and its two-hundred day moving average price is GBX 363.67.

Insider Activity

In other Allianz Technology Trust news, insider Simon Davis bought 2,879 shares of the business's stock in a transaction on Thursday, October 3rd. The stock was purchased at an average price of GBX 347 ($4.50) per share, for a total transaction of £9,990.13 ($12,955.69). 2.10% of the stock is currently owned by company insiders.

About Allianz Technology Trust

Allianz Technology Trust PLC is a closed-ended equity mutual fund launched and managed by Allianz Global Investors GmbH. The fund invests in the public equity markets across the globe. It invests in stocks of companies operating in the technology, media, and telecoms sector. The fund invests in stocks of mid-cap and large-cap companies.