Bloomsbury Publishing (LON:BMY) Trading Down 19.5% – Here’s What Happened

Bloomsbury Publishing Plc (LON:BMY) 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 were traded 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 Price Performance

The company has a current ratio of 1.52, a quick ratio of 1.04 and a debt-to-equity ratio of 15.10. The company has a market capitalization of £400.24 million, a PE ratio of 10.61 and a beta of 0.66. The company’s 50 day moving average price is GBX 588.02 and its 200-day moving average price is GBX 628.48.

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 net margin of 9.77% and a return on equity of 18.62%. On average, sell-side analysts forecast that Bloomsbury Publishing Plc will post 2529.9999179 earnings per share for the current fiscal year.

Bloomsbury Publishing Company Profile

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.