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Raspberry Pi (LON:RPI) Shares Up 3.2% - Here's Why

Raspberry Pi logo with background

Raspberry Pi Holdings (LON:RPI - Get Free Report) shares shot up 3.2% during mid-day trading on Thursday . The company traded as high as GBX 558 ($7.51) and last traded at GBX 552 ($7.43). 172,856 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 707,078 shares. The stock had previously closed at GBX 535 ($7.20).

Raspberry Pi Stock Down 2.5%

The firm has a market capitalization of £1.03 billion and a price-to-earnings ratio of 173.07. The company has a fifty day moving average price of GBX 474.53 and a two-hundred day moving average price of GBX 533.71.

Raspberry Pi Company Profile

(Get Free Report)

Our mission is to put high-performance, low-cost, general-purpose computing platforms in the hands of engineers and enthusiasts all over the world. Since 2012, we've been designing single-board and modular computers, built on the Arm architecture, and running the Linux operating system. Whether you're an educator looking to excite the next generation of computer scientists; an enthusiast searching for inspiration for your next project; or an OEM who needs a proven rock-solid foundation for your next generation of smart products, there's a Raspberry Pi computer for you. That's not all we do.

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