Pearson (NYSE:PSO) Sees Large Volume Increase – Should You Buy?

Pearson plc (NYSE:PSO) saw an uptick in trading volume on Tuesday . 354,413 shares were traded during mid-day trading, a decline of 4% from the previous session’s volume of 368,718 shares.The stock last traded at $15.11 and had previously closed at $15.24.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on PSO shares. StockNews.com cut shares of Pearson from a “buy” rating to a “hold” rating in a research note on Friday. Citigroup raised Pearson to a “strong-buy” rating in a report on Tuesday, July 30th.

Pearson Stock Performance

The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.72. The business has a 50 day simple moving average of $14.02 and a two-hundred day simple moving average of $13.24.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PSO. Renaissance Technologies LLC increased its position in shares of Pearson by 68.4% in the 2nd quarter. Renaissance Technologies LLC now owns 421,620 shares of the company’s stock valued at $5,262,000 after acquiring an additional 171,220 shares during the period. Bank of Montreal Can increased its position in shares of Pearson by 31.6% during 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 in the last quarter. Hsbc Holdings PLC grew its holdings in shares of Pearson by 64.9% during the second quarter. Hsbc Holdings PLC now owns 310,054 shares of the company’s stock worth $3,868,000 after buying an additional 122,054 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Pearson by 66.3% during the 2nd quarter. Millennium Management LLC now owns 298,063 shares of the company’s stock worth $3,720,000 after purchasing an additional 118,822 shares during the last quarter. Finally, FMR LLC lifted its position in Pearson by 20.7% during the third quarter. FMR LLC now owns 275,310 shares of the company’s stock worth $3,736,000 after buying an additional 47,296 shares in the last quarter. Hedge funds and other institutional investors own 2.14% of the company’s stock.

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.