Raspberry Pi (LON:RPI) Trading Down 7.3% – Here’s Why

Raspberry Pi Holdings (LON:RPIGet Free Report)’s stock price dropped 7.3% during trading on Wednesday . The stock traded as low as GBX 816 and last traded at GBX 895.61. Approximately 1,122,854 shares were traded during mid-day trading, a decline of 53% from the average daily volume of 2,407,911 shares. The stock had previously closed at GBX 966.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft upped their price target on shares of Raspberry Pi from GBX 300 to GBX 550 and gave the company a “hold” rating in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of GBX 550.

Check Out Our Latest Report on RPI

Raspberry Pi Stock Performance

The company has a 50 day moving average of GBX 681.69 and a two-hundred day moving average of GBX 442.47. The stock has a market cap of £1.63 billion, a PE ratio of 183.01 and a beta of 0.84.

Insider Activity

In related news, insider Richard David Boult sold 150,000 shares of Raspberry Pi stock in a transaction dated Friday, May 8th. The stock was sold at an average price of GBX 701, for a total value of £1,051,500. Also, insider Daniel Labbad sold 9,527 shares of Raspberry Pi stock in a transaction dated Friday, April 17th. The shares were sold at an average price of GBX 630, for a total value of £60,020.10. 1.65% of the stock is owned by insiders.

About Raspberry Pi

(Get Free Report)

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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