Raspberry Pi (LON:RPI) Shares Up 11.9% – What’s Next?

Raspberry Pi Holdings (LON:RPI)’s share price rose 11.9% on Thursday . The stock traded as high as GBX 694.50 ($8.50) and last traded at GBX 669.77 ($8.20). Approximately 832,314 shares were traded during mid-day trading, a decline of 51% from the average daily volume of 1,681,821 shares. The stock had previously closed at GBX 598.50 ($7.33).

Raspberry Pi Stock Up 11.9 %

The firm’s 50-day moving average price is GBX 464.82 and its two-hundred day moving average price is GBX 406.89. The firm has a market capitalization of £1.24 billion and a PE ratio of 5,152.08.

Insiders Place Their Bets

In related news, insider Eben Upton CBE sold 30,000 shares of the stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of GBX 620 ($7.59), for a total value of £186,000 ($227,662.18). Corporate insiders own 73.73% of the company’s stock.

Raspberry Pi Company Profile

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.