Pearson (NYSE:PSO) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Pearson plc (NYSE:PSO)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.42 and traded as high as $15.96. Pearson shares last traded at $15.95, with a volume of 324,323 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com lowered Pearson from a “buy” rating to a “hold” rating in a research note on Friday, November 15th.

Pearson Price Performance

The company has a 50 day moving average of $15.83 and a 200-day moving average of $14.45. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.72 and a current ratio of 1.78.

Hedge Funds Weigh In On Pearson

Hedge funds and other institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC boosted its stake in Pearson by 68.4% in the second quarter. Renaissance Technologies LLC now owns 421,620 shares of the company’s stock worth $5,262,000 after buying an additional 171,220 shares in the last quarter. Marshall Wace LLP purchased a new position in Pearson in the 2nd quarter worth $1,447,000. Bank of Montreal Can lifted its stake in Pearson by 31.6% in the third quarter. Bank of Montreal Can now owns 405,852 shares of the company’s stock worth $5,536,000 after purchasing an additional 97,443 shares during the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of Pearson by 61.1% during the third quarter. Crossmark Global Holdings Inc. now owns 153,338 shares of the company’s stock valued at $2,081,000 after buying an additional 58,136 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in shares of Pearson by 66.3% in the second quarter. Millennium Management LLC now owns 298,063 shares of the company’s stock worth $3,720,000 after buying an additional 118,822 shares during the period. 2.14% of the stock is currently owned by hedge funds and other institutional investors.

Pearson Company Profile

Pearson plc offers educational courseware, assessments, and services in the United Kingdom, the United States, Canada, the Asia Pacific, other European countries, and internationally. The company operates through five segments: Assessment & Qualifications, Virtual Learning, English Language Learning, Workforce Skills, and Higher Education.