Raspberry Pi (LON:RPI) Shares Up 11.9% – Time to Buy?

Raspberry Pi Holdings (LON:RPI)’s stock price was up 11.9% during trading on Thursday . The stock traded as high as GBX 694.50 ($8.45) and last traded at GBX 669.77 ($8.15). 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 ($7.28).

Raspberry Pi Price Performance

The business has a fifty day moving average of GBX 478.51 and a 200 day moving average of GBX 410.62. The stock has a market cap of £1.26 billion and a PE ratio of 5,215.38.

Insider Activity at Raspberry Pi

In other news, insider Eben Upton CBE sold 30,000 shares of Raspberry Pi stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of GBX 620 ($7.54), for a total value of £186,000 ($226,304.90). 73.73% of the stock is currently owned by corporate insiders.

About Raspberry Pi

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.