Herald (LON:HRI) Shares Down 0.9% – Here’s Why

Herald (LON:HRI)’s stock price traded down 0.9% during mid-day trading on Thursday . The stock traded as low as GBX 2,035 ($26.35) and last traded at GBX 2,041.50 ($26.43). 229,925 shares traded hands during trading, a decline of 34% from the average session volume of 349,317 shares. The stock had previously closed at GBX 2,060 ($26.67).

Herald Trading Down 0.9 %

The business has a 50-day moving average of GBX 2,234.59 and a two-hundred day moving average of GBX 2,240.87. The firm has a market cap of £1.03 billion, a P/E ratio of 5.89 and a beta of 0.88.

Herald (LON:HRI) last issued its quarterly earnings data on Thursday, February 20th. The company reported GBX 4.96 ($0.06) earnings per share for the quarter. Herald had a net margin of 107.72% and a return on equity of 14.78%.

Herald Company Profile

Herald Investment Trust’s objective is to achieve capital appreciation through investments in smaller quoted companies in the areas of technology and communications.

Investments may be made across the world. The business activities of investee companies will include information technology, broadcasting, printing and publishing and the supply of equipment and services to these companies.