Raspberry Pi (LON:RPI) Trading 19.8% Higher – Here’s What Happened

Shares of Raspberry Pi Holdings (LON:RPIGet Free Report) traded up 19.8% during mid-day trading on Tuesday . The stock traded as high as GBX 365.80 and last traded at GBX 350.20. 10,185,545 shares changed hands during mid-day trading, an increase of 540% from the average session volume of 1,591,218 shares. The stock had previously closed at GBX 292.20.

Trending Headlines about Raspberry Pi

Here are the key news stories impacting Raspberry Pi this week:

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft lowered their price objective on Raspberry Pi from GBX 380 to GBX 300 and set a “hold” rating on the stock in a research note on Friday, January 16th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of GBX 300.

View Our Latest Analysis on Raspberry Pi

Raspberry Pi Stock Down 0.0%

The stock has a market capitalization of £944.29 million, a price-to-earnings ratio of 106.32 and a beta of 1.90. The business’s 50 day simple moving average is GBX 320.21 and its 200-day simple moving average is GBX 335.75.

Insider Activity

In other news, insider Eben Upton CBE purchased 4,684 shares of Raspberry Pi stock in a transaction that occurred on Monday, February 16th. The shares were acquired at an average price of GBX 282 per share, for a total transaction of £13,208.88. In the last quarter, insiders have purchased 71,927 shares of company stock worth $19,231,838. Company insiders own 1.73% of the company’s stock.

About Raspberry Pi

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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.

Further Reading

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