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

Bloomsbury Publishing Plc (LON:BMY)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 670.97 ($8.47) and traded as low as GBX 667.61 ($8.43). Bloomsbury Publishing shares last traded at GBX 698 ($8.81), with a volume of 110,872 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank started coverage on shares of Bloomsbury Publishing in a report on Wednesday, November 6th. They issued a “buy” rating and a GBX 825 ($10.41) price target on the stock.

Bloomsbury Publishing Price Performance

The firm has a market cap of £568.45 million, a PE ratio of 1,789.74 and a beta of 0.66. The stock has a 50-day simple moving average of GBX 679.75 and a two-hundred day simple moving average of GBX 672.07. The company has a quick ratio of 1.04, a current ratio of 1.67 and a debt-to-equity ratio of 4.40.

Bloomsbury Publishing Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, November 29th. Investors 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 (DPR) is currently 3,846.15%.

Insider Buying and Selling at Bloomsbury Publishing

In other news, insider Leslie-Ann Reed purchased 12,139 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was bought at an average cost of GBX 659 ($8.32) per share, with a total value of £79,996.01 ($100,966.82). 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.