Shares of Herald Investment Trust PLC (LON:HRI – Get Rating) hit a new 52-week low during trading on Monday . The stock traded as low as GBX 1,630 ($19.78) and last traded at GBX 1,657.56 ($20.12), with a volume of 12246 shares traded. The stock had previously closed at GBX 1,680 ($20.39).
The company has a market cap of £1.04 billion and a price-to-earnings ratio of 3.74. The firm’s 50-day moving average price is GBX 1,773.81 and its 200 day moving average price is GBX 1,997.59.
In other Herald Investment Trust news, insider Stephanie Eastment purchased 300 shares of Herald Investment Trust stock in a transaction that occurred on Friday, May 6th. The stock was acquired at an average price of GBX 1,742 ($21.14) per share, with a total value of £5,226 ($6,343.00). Also, insider Karl Sternberg purchased 1,000 shares of Herald Investment Trust stock in a transaction that occurred on Wednesday, April 20th. The stock was acquired at an average cost of GBX 1,841 ($22.34) per share, with a total value of £18,410 ($22,344.94). In the last ninety days, insiders have bought 2,300 shares of company stock valued at $4,090,600.
Herald Investment Trust PLC is a closed-ended equity mutual fund launched and managed by Herald Investment Management Limited. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating in the technology, telecommunications, and multi-media sectors.
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