Herald (LON:HRI) Trading Up 0.4% - Time to Buy?

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.

Shares of Herald (LON:HRI - Get Free Report) shot up 0.4% during mid-day trading on Tuesday . The company traded as high as GBX 2,460 ($33.09) and last traded at GBX 2,455 ($33.02). 27,018 shares changed hands during trading, a decline of 85% from the average session volume of 177,701 shares. The stock had previously closed at GBX 2,445 ($32.89).

Herald Price Performance

The firm has a market cap of £1.22 billion, a price-to-earnings ratio of 6.98 and a beta of 0.88. The stock's fifty day moving average price is GBX 2,319.75 and its 200-day moving average price is GBX 2,182.54.

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