Herald (LON:HRI) Stock Price Up 0.8% - What's Next?

Key Points

• Shares of Herald Investment Trust (LON:HRI) increased by 0.8% during trading, reaching a last traded price of GBX 2,415 ($32.96).
• The company reported an impressive net margin of 107.72% and earnings per share (EPS) of GBX 0.77 for the last quarter.
• Herald aims for capital appreciation through investments in smaller quoted companies, primarily in the technology and communications sectors.

Herald (LON:HRI - Get Free Report) shares rose 0.8% during mid-day trading on Tuesday . The company traded as high as GBX 2,430 ($32.74) and last traded at GBX 2,415 ($32.54). Approximately 156,648 shares changed hands during trading, a decline of 13% from the average daily volume of 180,616 shares. The stock had previously closed at GBX 2,395 ($32.27).

Herald Stock Performance

The stock has a market cap of £1.21 billion, a P/E ratio of 3,612.17 and a beta of 0.88. The stock has a 50-day moving average price of GBX 2,387.01 and a 200-day moving average price of GBX 2,195.53.

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

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.