Herald (LON:HRI) Issues Quarterly Earnings Results

Herald (LON:HRI) released its earnings results on Thursday. The company reported GBX 4.96 ($0.06) earnings per share for the quarter, Digital Look Earnings reports. Herald had a return on equity of 14.78% and a net margin of 107.72%.

Herald Price Performance

LON HRI traded down GBX 11.45 ($0.14) on Thursday, reaching GBX 2,318.55 ($29.18). The company had a trading volume of 32,389 shares, compared to its average volume of 524,146. Herald has a fifty-two week low of GBX 1,986.34 ($24.99) and a fifty-two week high of GBX 2,570 ($32.34). The firm has a market cap of £1.17 billion, a price-to-earnings ratio of 6.69 and a beta of 0.88. The business has a 50 day moving average of GBX 2,406.17 and a two-hundred day moving average of GBX 2,239.54.

About Herald

Herald Investment Trust’s objective is to achieve capital appreciation through investments in smaller quoted companies in the areas of technology and communications.

Investments may be made across the world. The business activities of investee companies will include information technology, broadcasting, printing and publishing and the supply of equipment and services to these companies.