Herald (LON:HRI) Reaches New 12-Month High – Still a Buy?

Shares of Herald (LON:HRI) reached a new 52-week high on Monday . The stock traded as high as GBX 2,515 ($31.09) and last traded at GBX 2,505 ($30.96), with a volume of 316507 shares trading hands. The stock had previously closed at GBX 2,465 ($30.47).

Herald Price Performance

The stock’s fifty day simple moving average is GBX 2,329.58 and its two-hundred day simple moving average is GBX 2,205.91. The company has a market capitalization of £1.32 billion, a price-to-earnings ratio of 734.51 and a beta of 0.88.

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.