Raspberry Pi (LON:RPI) Shares Up 6.4% – Here’s Why

Raspberry Pi Holdings (LON:RPI)’s stock price rose 6.4% during trading on Monday . The stock traded as high as GBX 462.62 ($6.10) and last traded at GBX 448.20 ($5.91). Approximately 439,288 shares changed hands during trading, a decline of 51% from the average daily volume of 899,032 shares. The stock had previously closed at GBX 421.20 ($5.55).

Raspberry Pi Price Performance

The business has a fifty day simple moving average of GBX 565.50 and a 200 day simple moving average of GBX 503.55. The firm has a market cap of £860.66 million and a price-to-earnings ratio of 144.10.

Insider Buying and Selling

In other Raspberry Pi news, insider David Ranken Gammon sold 56,000 shares of the company’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of GBX 710 ($9.36), for a total value of £397,600 ($524,261.60). 73.73% of the stock is owned by company 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.