Herald (LON:HRI) Shares Down 1% - Here's What Happened

Key Points

• Herald Investment Trust shares decreased by 1% to GBX 2,485 ($33.36), showing a significant decline in trading volume, dropping to 32,036 shares compared to an average of 171,420 shares.
• The company's market capitalization stands at £1.20 billion, and it has a notably high P/E ratio of 3,634.10 alongside a beta of 0.88, indicating lower volatility compared to the market.
• Herald aims for capital appreciation through investments in smaller tech and communication companies, covering areas such as information technology and broadcasting.

Herald (LON:HRI - Get Free Report) shares dropped 1% on Tuesday . The company traded as low as GBX 2,480 ($33.30) and last traded at GBX 2,485 ($33.36). Approximately 32,036 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 171,420 shares. The stock had previously closed at GBX 2,510 ($33.70).

Herald Trading Down 1.0%

The stock's fifty day moving average price is GBX 2,407.32 and its two-hundred day moving average price is GBX 2,228.77. The stock has a market capitalization of £1.20 billion, a P/E ratio of 3,634.10 and a beta of 0.88.

Herald (LON:HRI - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The company reported GBX 0.77 EPS for the quarter. Herald had a net margin of 107.72% and a return on equity of 14.78%.

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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