Herald (LON:HRI) Sets New 52-Week High - Time to Buy?

Key Points

• New 52-week high: Shares hit GBX 2,660.58 on Tuesday (up ~1.4%) with 29,245 shares traded, after a prior close of GBX 2,620.
• Valuation and trend: Market cap is £1.27 billion with a P/E of 13.34 and beta 0.61, and the stock is trading above its 50‑day (GBX 2,513.58) and 200‑day (GBX 2,482.18) simple moving averages.
• Fundamentals and strategy: Last quarter EPS was GBX 0.17 with a net margin of 86.0% and ROE of 7.67%, and the trust targets capital appreciation via investments in smaller global technology and communications companies.

Shares of Herald (LON:HRI - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 2,660.58 and last traded at GBX 2,660.58, with a volume of 29245 shares changing hands. The stock had previously closed at GBX 2,620.

Herald Stock Up 1.4%

The business's 50 day simple moving average is GBX 2,513.58 and its 200 day simple moving average is GBX 2,482.18. The company has a market capitalization of £1.27 billion, a PE ratio of 13.34 and a beta of 0.61.

Herald (LON:HRI - Get Free Report) last released its earnings results on Monday, February 23rd. The company reported GBX 0.17 earnings per share (EPS) for the quarter. Herald had a return on equity of 7.67% and a net margin of 86.00%.

About Herald

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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