Bloomsbury Publishing (LON:BMY) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Shares of Bloomsbury Publishing Plc (LON:BMY) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 656.59 ($8.27) and traded as high as GBX 680 ($8.57). Bloomsbury Publishing shares last traded at GBX 672 ($8.47), with a volume of 122,789 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank started coverage on Bloomsbury Publishing in a research note on Wednesday, November 6th. They issued a “buy” rating and a GBX 825 ($10.40) price target on the stock.

Bloomsbury Publishing Trading Down 0.6 %

The stock’s 50 day moving average is GBX 680.48 and its 200-day moving average is GBX 657.43. The company has a market cap of £547.28 million, a P/E ratio of 1,723.08 and a beta of 0.66. The company has a current ratio of 1.67, a quick ratio of 1.04 and a debt-to-equity ratio of 4.40.

Bloomsbury Publishing Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, October 31st will be issued a dividend of GBX 3.89 ($0.05) per share. This represents a dividend yield of 0.57%. The ex-dividend date of this dividend is Thursday, October 31st. Bloomsbury Publishing’s payout ratio is 3,846.15%.

Insider Activity at Bloomsbury Publishing

In related news, insider Nigel Newton sold 58,378 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of GBX 713 ($8.99), for a total transaction of £416,235.14 ($524,555.94). 8.26% of the stock is owned by insiders.

Bloomsbury Publishing Company Profile

Bloomsbury Publishing Plc publishes academic, educational, and general fiction and non-fiction books for children, teachers, students, researchers, and professionals worldwide. The company offers books and digital resources to international research community and higher education students; online law, accounting, and tax services for the United Kingdom and professionals; and publishing services for corporations and institutions.