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

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

Skillsoft Price Performance

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

Skillsoft (NYSE:SKIL) last issued its earnings results on Monday, September 9th. The company reported ($2.40) earnings per share (EPS) for the quarter, topping 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 business had revenue of $132.22 million during the quarter, compared to analysts’ expectations of $131.39 million. As a group, research analysts anticipate that Skillsoft Corp. will post -10.64 earnings per share for the current year.

Institutional Investors Weigh In On Skillsoft

Several institutional investors and hedge funds have recently made changes to their positions in SKIL. BNP Paribas Financial Markets acquired a new stake in shares of Skillsoft in the first quarter valued at about $192,000. Paradice Investment Management LLC boosted its position in shares of Skillsoft by 7.1% during the 1st quarter. Paradice Investment Management LLC now owns 659,859 shares of the company’s stock valued at $5,939,000 after purchasing an additional 43,791 shares in the last quarter. Summit Securities Group LLC bought a new stake in shares of Skillsoft during the 2nd quarter valued at about $39,000. Finally, Renaissance Technologies LLC boosted its position in shares of Skillsoft by 20.5% during the 2nd quarter. Renaissance Technologies LLC now owns 22,909 shares of the company’s stock valued at $317,000 after purchasing an additional 3,900 shares in the last quarter. Institutional investors and hedge funds own 87.00% of the company’s stock.

Skillsoft Company Profile

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.