Bloomsbury Publishing (LON:BMY) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Bloomsbury Publishing Plc (LON:BMY)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 674.52 ($8.48) and traded as high as GBX 686 ($8.62). Bloomsbury Publishing shares last traded at GBX 684 ($8.60), with a volume of 2,043,751 shares.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank initiated coverage on Bloomsbury Publishing in a research note on Wednesday, November 6th. They set a “buy” rating and a GBX 825 ($10.37) target price for the company.

Bloomsbury Publishing Trading Up 1.2 %

The company has a market cap of £557.05 million, a price-to-earnings ratio of 1,753.85 and a beta of 0.66. The business’s 50 day moving average price is GBX 679.91 and its 200-day moving average price is GBX 675.01. 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 firm also recently disclosed a dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, October 31st were issued a GBX 3.89 ($0.05) dividend. This represents a yield of 0.57%. The ex-dividend date was Thursday, October 31st. Bloomsbury Publishing’s dividend payout ratio is currently 3,846.15%.

Insider Buying and Selling

In related news, insider Leslie-Ann Reed acquired 12,139 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was acquired at an average cost of GBX 659 ($8.28) per share, for a total transaction of £79,996.01 ($100,535.39). 8.26% of the stock is 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.