Bloomsbury Publishing (LON:BMY) Stock Price Passes Above 200-Day Moving Average – What’s Next?

Bloomsbury Publishing Plc (LON:BMY)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 674.52 ($8.48) and traded as high as GBX 686 ($8.62). Bloomsbury Publishing shares last traded at GBX 684 ($8.60), with a volume of 2,043,751 shares changing hands.

Analyst Ratings Changes

Separately, Berenberg Bank initiated coverage on Bloomsbury Publishing in a report on Wednesday, November 6th. They issued a “buy” rating and a GBX 825 ($10.37) price target for the company.

Bloomsbury Publishing Price Performance

The company has a quick ratio of 1.04, a current ratio of 1.67 and a debt-to-equity ratio of 4.40. The stock’s 50-day moving average price is GBX 679.91 and its 200-day moving average price is GBX 674.52. The company has a market capitalization of £557.05 million, a price-to-earnings ratio of 1,753.85 and a beta of 0.66.

Bloomsbury Publishing Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, October 31st were paid 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 (DPR) is currently 3,846.15%.

Insider Buying and Selling at Bloomsbury Publishing

In related news, insider Leslie-Ann Reed purchased 12,139 shares of Bloomsbury Publishing stock in a transaction dated Monday, November 25th. The shares were acquired at an average cost of GBX 659 ($8.28) per share, for a total transaction of £79,996.01 ($100,535.39). Corporate insiders own 8.26% of the company’s stock.

About Bloomsbury Publishing

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.