Franklin Covey (NYSE:FC) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Franklin Covey Company (NYSE:FC) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $18.18 and traded as high as $18.92. Franklin Covey shares last traded at $17.83, with a volume of 81,592 shares.

Analyst Ratings Changes

Several equities research analysts have issued reports on FC shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Franklin Covey in a report on Friday, October 31st. Barrington Research raised their target price on shares of Franklin Covey from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 20th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Franklin Covey has an average rating of “Hold” and a consensus target price of $26.00.

Franklin Covey Price Performance

The stock’s 50-day moving average price is $18.47 and its 200-day moving average price is $18.18. The company has a market cap of $205.94 million, a P/E ratio of -148.57, a PEG ratio of 1.10 and a beta of 0.69.

Franklin Covey (NYSE:FC) last released its quarterly earnings results on Wednesday, January 7th. The business services provider reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.30). The business had revenue of $64.05 million for the quarter, compared to the consensus estimate of $64.77 million. Franklin Covey had a positive return on equity of 9.98% and a negative net margin of 0.54%.During the same period in the prior year, the business posted $0.20 earnings per share. As a group, analysts expect that Franklin Covey Company will post 0.97 EPS for the current fiscal year.

Hedge Funds Weigh In On Franklin Covey

A number of hedge funds have recently added to or reduced their stakes in FC. State of Alaska Department of Revenue bought a new stake in shares of Franklin Covey during the 4th quarter valued at $31,000. Wiser Advisor Group LLC bought a new position in shares of Franklin Covey in the third quarter worth $35,000. CWM LLC raised its stake in Franklin Covey by 81.8% in the third quarter. CWM LLC now owns 1,983 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 892 shares in the last quarter. BNP Paribas Financial Markets lifted its position in Franklin Covey by 98.9% during the third quarter. BNP Paribas Financial Markets now owns 2,236 shares of the business services provider’s stock worth $43,000 after purchasing an additional 1,112 shares during the period. Finally, Amundi acquired a new stake in Franklin Covey during the first quarter worth about $58,000. Institutional investors own 69.88% of the company’s stock.

About Franklin Covey

Franklin Covey Co (NYSE:FC) is a global consulting and training firm specializing in performance improvement solutions for individuals and organizations. The company offers a range of services, including leadership development, productivity tools, execution frameworks and assessments designed to foster personal effectiveness and drive business results. Its flagship offerings integrate training workshops, digital resources and coaching to support clients in areas such as strategic planning, team productivity and change management.

The origins of Franklin Covey trace back to the merger in 1997 of Franklin Quest Co, founded in 1983 by Hyrum W.