Bloomsbury Publishing (LON:BMY) Shares Down 19.5% – Here’s Why

Bloomsbury Publishing Plc (LON:BMY) shares fell 19.5% during mid-day trading on Friday . The stock traded as low as GBX 522 ($7.07) and last traded at GBX 524 ($7.09). 2,397,773 shares traded hands during trading, an increase of 712% from the average session volume of 295,242 shares. The stock had previously closed at GBX 651 ($8.81).

Bloomsbury Publishing Trading Down 5.3%

The business has a 50-day simple moving average of GBX 588.02 and a two-hundred day simple moving average of GBX 628.48. The stock has a market cap of £400.24 million, a price-to-earnings ratio of 10.61 and a beta of 0.66. The company has a debt-to-equity ratio of 15.10, a current ratio of 1.52 and a quick ratio of 1.04.

Bloomsbury Publishing (LON:BMY) last posted its earnings results on Thursday, May 22nd. The company reported GBX 42.03 ($0.57) EPS for the quarter. Bloomsbury Publishing had a return on equity of 18.62% and a net margin of 9.77%. Equities analysts forecast that Bloomsbury Publishing Plc will post 2529.9999179 EPS for the current fiscal year.

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.