Skillsoft (NYSE:SKIL) Stock Price Up 0.1% – Here’s What Happened

Skillsoft Corp. (NYSE:SKIL)’s stock price rose 0.1% during mid-day trading on Tuesday . The company traded as high as $16.00 and last traded at $15.76. Approximately 11,675 shares were traded during trading, a decline of 79% from the average daily volume of 55,039 shares. The stock had previously closed at $15.75.

Skillsoft Price Performance

The stock has a 50 day simple moving average of $15.10 and a 200-day simple moving average of $12.74. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.88 and a current ratio of 0.88.

Skillsoft (NYSE:SKIL) last announced its quarterly earnings data on Monday, September 9th. The company reported ($2.40) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($3.96) by $1.56. The business had revenue of $132.22 million during the quarter, compared to analysts’ expectations of $131.39 million. Skillsoft had a negative return on equity of 41.27% and a negative net margin of 63.42%. As a group, research analysts anticipate that Skillsoft Corp. will post -10.64 EPS for the current year.

Institutional Trading of Skillsoft

Hedge funds have recently bought and sold shares of the company. Summit Securities Group LLC purchased a new stake in Skillsoft during the second quarter valued at $39,000. BNP Paribas Financial Markets bought a new stake in Skillsoft during the first quarter valued at about $192,000. Renaissance Technologies LLC grew its holdings in Skillsoft by 20.5% during the second quarter. Renaissance Technologies LLC now owns 22,909 shares of the company’s stock valued at $317,000 after purchasing an additional 3,900 shares during the period. Finally, Paradice Investment Management LLC boosted its stake in shares of Skillsoft by 7.1% in the first quarter. Paradice Investment Management LLC now owns 659,859 shares of the company’s stock worth $5,939,000 after acquiring an additional 43,791 shares during the period. Hedge funds and other institutional investors own 87.00% of the company’s stock.

About Skillsoft

Skillsoft Corp. provides content and platform and instructor-led training services in the United States and internationally. The company's Content & Platform segment engages in the sale, marketing, and delivery of its content learning solutions in areas, such as leadership and business, technology and developer, and compliance comprising individualized coaching, as well as technical skill areas.