Herald (LON:HRI) Trading Up 0.4% - Here's What Happened

Key Points

• Herald's stock rose by 0.4% during trading, reaching a value of GBX 2,455 ($32.64), despite a significant drop in trading volume by 85% compared to the average.
• The company has a market capitalization of £1.24 billion and reported earnings of GBX 0.77 ($0.01) per share for the last quarter.
• Herald Investment Trust focuses on achieving capital appreciation through investments in smaller quoted companies in technology and communications sectors globally.

Herald (LON:HRI - Get Free Report)'s stock price was up 0.4% during trading on Tuesday . The company traded as high as GBX 2,460 ($32.71) and last traded at GBX 2,455 ($32.64). Approximately 27,018 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 177,701 shares. The stock had previously closed at GBX 2,445 ($32.51).

Herald Stock Up 0.4%

The company has a market capitalization of £1.24 billion, a P/E ratio of 7.08 and a beta of 0.88. The business has a 50 day moving average of GBX 2,303.69 and a 200 day moving average of GBX 2,179.55.

Herald (LON:HRI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported GBX 0.77 ($0.01) earnings per share (EPS) 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.

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