Herald (LON:HRI) Reaches New 1-Year High – Time to Buy?

Herald (LON:HRI) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 2,515 ($31.25) and last traded at GBX 2,505 ($31.13), with a volume of 316507 shares changing hands. The stock had previously closed at GBX 2,465 ($30.63).

Herald Price Performance

The firm’s 50-day moving average price is GBX 2,313.88 and its 200-day moving average price is GBX 2,202.07. The stock has a market cap of £1.33 billion, a P/E ratio of 738.94 and a beta of 0.88.

Herald Company Profile

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.