Bloomsbury Publishing (LON:BMY) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Bloomsbury Publishing Plc (LON:BMY) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 639.02 ($8.30) and traded as high as GBX 684 ($8.88). Bloomsbury Publishing shares last traded at GBX 678 ($8.80), with a volume of 138,870 shares trading hands.

Bloomsbury Publishing Trading Up 8.2 %

The company has a quick ratio of 1.04, a current ratio of 1.67 and a debt-to-equity ratio of 4.40. The firm has a market capitalization of £601.03 million, a price-to-earnings ratio of 1,902.56 and a beta of 0.66. The business has a 50-day moving average of GBX 684.24 and a two-hundred day moving average of GBX 639.32.

Bloomsbury Publishing Cuts Dividend

The company also recently disclosed 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 presently 3,846.15%.

Insider Activity at Bloomsbury Publishing

In other Bloomsbury Publishing news, insider Nigel Newton sold 58,378 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of GBX 713 ($9.26), for a total value of £416,235.14 ($540,424.75). 8.26% of the stock is currently owned by corporate insiders.

About Bloomsbury Publishing

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.