Bloomsbury Publishing (LON:BMY) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Bloomsbury Publishing Plc (LON:BMY) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 680.69 ($8.50) and traded as high as GBX 688 ($8.59). Bloomsbury Publishing shares last traded at GBX 672 ($8.39), with a volume of 653,038 shares.

Wall Street Analyst Weigh In

Separately, Berenberg Bank initiated coverage on Bloomsbury Publishing in a research report on Wednesday, November 6th. They issued a “buy” rating and a GBX 825 ($10.30) target price for the company.

Bloomsbury Publishing Price Performance

The business has a 50-day moving average price of GBX 661.95 and a 200 day moving average price of GBX 680.80. The company has a market cap of £547.28 million, a price-to-earnings 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 (LON:BMY) last announced its quarterly earnings data on Thursday, October 24th. The company reported GBX 25.02 ($0.31) EPS for the quarter. Bloomsbury Publishing had a return on equity of 16.55% and a net margin of 9.43%. As a group, research analysts expect that Bloomsbury Publishing Plc will post 2529.9999179 earnings per share for the current fiscal year.

Insider Activity

In other Bloomsbury Publishing news, insider Leslie-Ann Reed bought 12,139 shares of Bloomsbury Publishing stock in a transaction dated Monday, November 25th. The stock was bought at an average price of GBX 659 ($8.23) per share, for a total transaction of £79,996.01 ($99,857.71). Insiders own 8.26% of the company’s stock.

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.