Bloomsbury Publishing (LON:BMY) Stock Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Shares of Bloomsbury Publishing Plc (LON:BMY) 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.

Analyst Ratings Changes

Separately, Berenberg Bank began coverage on Bloomsbury Publishing in a research note on Wednesday, November 6th. They set a “buy” rating and a GBX 825 ($10.41) price target for the company.

Bloomsbury Publishing Stock Performance

The company’s 50 day moving average price is GBX 679.75 and its 200 day moving average price is GBX 672.07. The company has a debt-to-equity ratio of 4.40, a quick ratio of 1.04 and a current ratio of 1.67. The company has a market cap of £568.45 million, a price-to-earnings ratio of 1,789.74 and a beta of 0.66.

Bloomsbury Publishing Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, October 31st were given a GBX 3.89 ($0.05) dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a dividend yield of 0.57%. Bloomsbury Publishing’s dividend payout ratio is currently 3,846.15%.

Insider Buying and Selling at Bloomsbury Publishing

In other Bloomsbury Publishing 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 ($8.32) per share, for a total transaction of £79,996.01 ($100,966.82). Company insiders own 8.26% of the company’s stock.

Bloomsbury Publishing Company Profile

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.