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

Pearson plc (NYSE:PSO) shares crossed 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 changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com cut 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 current ratio of 1.78 and a quick ratio of 1.72.

Institutional Investors Weigh In On Pearson

Several institutional investors have recently added to or reduced their stakes in PSO. Renaissance Technologies LLC raised its holdings in shares of Pearson by 68.4% in the second quarter. Renaissance Technologies LLC now owns 421,620 shares of the company’s stock valued at $5,262,000 after purchasing an additional 171,220 shares during the last quarter. Marshall Wace LLP acquired a new position in Pearson during the second quarter valued at approximately $1,447,000. Bank of Montreal Can boosted its holdings in shares of Pearson by 31.6% in the 3rd quarter. Bank of Montreal Can now owns 405,852 shares of the company’s stock valued at $5,536,000 after buying an additional 97,443 shares during the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of Pearson by 61.1% in 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 in the last quarter. Finally, Millennium Management LLC increased its holdings in Pearson by 66.3% during 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 last quarter. 2.14% of the stock is owned by institutional investors.

About Pearson

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.