Herald (LON:HRI) Stock Passes Below 50-Day Moving Average – Here’s Why

Herald (LON:HRIGet Free Report) shares passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 2,360.69 ($30.43) and traded as low as GBX 2,100 ($27.07). Herald shares last traded at GBX 2,115 ($27.26), with a volume of 89,488 shares changing hands.

Herald Stock Up 0.2 %

The stock’s 50-day moving average price is GBX 2,360.69 and its 200 day moving average price is GBX 2,247.88. The firm has a market capitalization of £1.07 billion, a price-to-earnings ratio of 6.12 and a beta of 0.88.

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

Herald Company Profile

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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.

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