Raspberry Pi (LON:RPI) Stock Price Down 8.5% - Should You Sell?

Raspberry Pi Holdings (LON:RPI - Get Free Report) dropped 8.5% on Friday . The stock traded as low as GBX 511.50 ($6.61) and last traded at GBX 511.50 ($6.61). Approximately 2,749,292 shares changed hands during 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 company has a market capitalization of £931.71 million and a PE ratio of 156.00. The company has a 50 day moving average of GBX 644.68 and a two-hundred day moving average of GBX 492.14.

Insider Buying and Selling

In other Raspberry Pi news, insider Eben Upton CBE sold 30,000 shares of Raspberry Pi stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of GBX 620 ($8.01), for a total transaction of £186,000 ($240,341.13). Also, insider David Ranken Gammon sold 56,000 shares of the business's stock in a transaction on Friday, January 31st. The stock was sold at an average price of GBX 710 ($9.17), for a total value of £397,600 ($513,761.47). 73.73% of the stock is owned by company insiders.

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.