Pearson (LON:PSON) Stock Passes Above 200-Day Moving Average – Here’s Why

Pearson plc (LON:PSON)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,187.59 ($15.35) and traded as high as GBX 1,294.50 ($16.73). Pearson shares last traded at GBX 1,283 ($16.58), with a volume of 235,251,094 shares changing hands.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. boosted their price objective on Pearson from GBX 1,400 ($18.09) to GBX 1,450 ($18.74) and gave the company an “overweight” rating in a research report on Tuesday, January 14th.

Pearson Stock Down 0.5 %

The company has a debt-to-equity ratio of 42.49, a current ratio of 1.78 and a quick ratio of 1.07. The company has a market capitalization of £8.66 billion, a PE ratio of 24.87, a P/E/G ratio of 0.83 and a beta of 0.31. The business has a 50-day moving average of GBX 1,316.44 and a 200 day moving average of GBX 1,187.59.

Pearson (LON:PSON) last posted its earnings results on Friday, February 28th. The company reported GBX 62.10 ($0.80) EPS for the quarter. Pearson had a return on equity of 8.98% and a net margin of 9.83%.

Insiders Place Their Bets

In related news, insider Sherry Coutu acquired 731 shares of Pearson stock in a transaction on Friday, December 13th. The shares were bought at an average cost of GBX 1,282 ($16.57) per share, with a total value of £9,371.42 ($12,112.47). Also, insider Omar Abbosh sold 77,989 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of GBX 1,296 ($16.75), for a total value of £1,010,737.44 ($1,306,368.67). 0.35% of the stock is currently owned by insiders.

About Pearson

At Pearson, our purpose is simple: to add life to a lifetime of learning. We believe that every learning opportunity is a chance for a personal breakthrough. That’s why our c.20,000 Pearson employees are committed to creating vibrant and enriching learning experiences designed for real-life impact. We are the world’s leading learning company, serving customers in c.200 countries with digital content, assessments, qualifications, and data.