Bloomsbury Publishing (LON:BMY) Stock Crosses Below 200 Day Moving Average – What’s Next?

Bloomsbury Publishing Plc (LON:BMY)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 490.15 and traded as low as GBX 482.50. Bloomsbury Publishing shares last traded at GBX 485, with a volume of 92,160 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Peel Hunt restated a “buy” rating and set a GBX 815 price target on shares of Bloomsbury Publishing in a research report on Thursday, September 18th. Berenberg Bank reissued a “buy” rating and issued a GBX 825 price objective on shares of Bloomsbury Publishing in a research note on Wednesday, December 3rd. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of GBX 820.

Bloomsbury Publishing Stock Performance

The stock has a market cap of £396.81 million, a price-to-earnings ratio of 17.79 and a beta of 0.66. 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 firm has a fifty day simple moving average of GBX 490.04 and a 200-day simple moving average of GBX 490.15.

Bloomsbury Publishing (LON:BMY) last released its earnings results on Thursday, October 23rd. The company reported GBX 23.14 earnings per share for the quarter. Bloomsbury Publishing had a return on equity of 18.62% and a net margin of 9.77%. 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. It serves communities of interest in sports and sports science, nautical, military history, natural history, arts and crafts, and popular science; and offers books for students of the arts, humanities, and social sciences.