Raspberry Pi (LON:RPI) Shares Down 8.5% – Here’s Why

Raspberry Pi Holdings (LON:RPI) was down 8.5% on Friday . The stock traded as low as GBX 511.50 ($6.60) and last traded at GBX 511.50 ($6.60). Approximately 2,749,292 shares changed hands during mid-day trading, an increase of 174% from the average daily volume of 1,001,913 shares. The stock had previously closed at GBX 559 ($7.22).

Raspberry Pi Price Performance

The business’s 50 day simple moving average is GBX 646 and its 200-day simple moving average is GBX 490.68. The stock has a market capitalization of £982.21 million and a P/E ratio of 164.46.

Insider Transactions at Raspberry Pi

In other Raspberry Pi news, insider Eben Upton CBE sold 30,000 shares of the stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of GBX 620 ($8.01), for a total value of £186,000 ($240,154.94). Also, insider David Ranken Gammon sold 56,000 shares of Raspberry Pi stock in a transaction on Friday, January 31st. The stock was sold at an average price of GBX 710 ($9.17), for a total transaction of £397,600 ($513,363.46). 73.73% of the stock is owned by corporate 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.