Raspberry Pi (LON:RPI) Hits New 52-Week Low – Here’s Why

Raspberry Pi Holdings (LON:RPI)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as GBX 303 and last traded at GBX 309.60, with a volume of 102522 shares traded. The stock had previously closed at GBX 305.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Raspberry Pi from GBX 420 to GBX 380 and set a “hold” rating for the company in a research note on Thursday, September 25th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of GBX 380.

Raspberry Pi Price Performance

The firm has a fifty day moving average of GBX 342.82 and a two-hundred day moving average of GBX 402.53. The stock has a market capitalization of £598.53 million and a P/E ratio of 67.45.

Insider Activity

In other Raspberry Pi news, insider David Ranken Gammon purchased 12,000 shares of Raspberry Pi stock in a transaction dated Friday, November 21st. The stock was acquired at an average price of GBX 306 per share, for a total transaction of £36,720. Also, insider Eben Upton CBE acquired 5,832 shares of the company’s stock in a transaction dated Wednesday, November 5th. The shares were acquired at an average price of GBX 343 per share, for a total transaction of £20,003.76. Insiders own 1.69% 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.