Raspberry Pi (LON:RPI) Reaches New 1-Year High – Here’s What Happened

Raspberry Pi Holdings (LON:RPI) hit a new 52-week high on Tuesday . The company traded as high as GBX 556.50 and last traded at GBX 556.50, with a volume of 1089450 shares changing hands. The stock had previously closed at GBX 508.

Analyst Upgrades and Downgrades

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

Raspberry Pi Trading Up 9.5%

The stock has a 50-day simple moving average of GBX 354.49 and a 200-day simple moving average of GBX 340.04. The company has a market cap of £1.08 billion, a price-to-earnings ratio of 121.24 and a beta of 0.58.

Insider Transactions at Raspberry Pi

In other Raspberry Pi news, insider Eben Upton CBE purchased 15,314 shares of Raspberry Pi stock in a transaction on Wednesday, February 4th. The stock was bought at an average price of GBX 262 per share, for a total transaction of £40,122.68. In the last ninety days, insiders acquired 50,000 shares of company stock worth $13,289,621. Insiders own 1.73% of the company’s stock.

Raspberry Pi Company Profile

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.