Skillsoft (NYSE:SKIL) Shares Up 0.1% – Here’s What Happened

Skillsoft Corp. (NYSE:SKIL)’s stock price was up 0.1% during mid-day trading on Tuesday . The stock traded as high as $16.00 and last traded at $15.76. Approximately 11,675 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 55,039 shares. The stock had previously closed at $15.75.

Skillsoft Trading Up 0.1 %

The company has a debt-to-equity ratio of 4.07, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a fifty day simple moving average of $14.93 and a 200-day simple moving average of $12.64. The firm has a market cap of $129.70 million, a P/E ratio of -0.37 and a beta of 1.31.

Skillsoft (NYSE:SKIL) last posted its earnings results on Monday, September 9th. The company reported ($2.40) earnings per share for the quarter, beating analysts’ consensus estimates of ($3.96) by $1.56. Skillsoft had a negative return on equity of 41.27% and a negative net margin of 63.42%. The company had revenue of $132.22 million for the quarter, compared to analyst estimates of $131.39 million. On average, equities research analysts expect that Skillsoft Corp. will post -10.64 earnings per share for the current year.

Institutional Trading of Skillsoft

A number of institutional investors and hedge funds have recently modified their holdings of SKIL. Paradice Investment Management LLC boosted its holdings in shares of Skillsoft by 7.1% in the first quarter. Paradice Investment Management LLC now owns 659,859 shares of the company’s stock worth $5,939,000 after acquiring an additional 43,791 shares during the period. BNP Paribas Financial Markets purchased a new position in Skillsoft during the first quarter worth about $192,000. Renaissance Technologies LLC grew its position in Skillsoft by 20.5% during the second quarter. Renaissance Technologies LLC now owns 22,909 shares of the company’s stock worth $317,000 after buying an additional 3,900 shares in the last quarter. Finally, Summit Securities Group LLC purchased a new position in shares of Skillsoft in the 2nd quarter worth about $39,000. 87.00% of the stock is owned by hedge funds and other institutional investors.

About Skillsoft

Skillsoft Corp. provides content and platform and instructor-led training services in the United States and internationally. The company's Content & Platform segment engages in the sale, marketing, and delivery of its content learning solutions in areas, such as leadership and business, technology and developer, and compliance comprising individualized coaching, as well as technical skill areas.