Bloomsbury Publishing Plc (LON:BMY - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 656.59 ($8.27) and traded as high as GBX 680 ($8.57). Bloomsbury Publishing shares last traded at GBX 672 ($8.47), with a volume of 122,789 shares.
Analyst Ratings Changes
Separately, Berenberg Bank began coverage on shares of Bloomsbury Publishing in a research report on Wednesday, November 6th. They issued a "buy" rating and a GBX 825 ($10.40) price target for the company.
View Our Latest Stock Analysis on BMY
Bloomsbury Publishing Stock Down 0.6 %
The company has a debt-to-equity ratio of 4.40, a quick ratio of 1.04 and a current ratio of 1.67. The firm has a market cap of £547.28 million, a price-to-earnings ratio of 1,723.08 and a beta of 0.66. The business's 50-day moving average is GBX 680.48 and its 200-day moving average is GBX 656.59.
Bloomsbury Publishing Cuts Dividend
The firm also recently announced a dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, October 31st will be issued a GBX 3.89 ($0.05) dividend. This represents a dividend yield of 0.57%. The ex-dividend date of this dividend is Thursday, October 31st. Bloomsbury Publishing's payout ratio is currently 3,846.15%.
Insiders Place Their Bets
In other news, insider Nigel Newton sold 58,378 shares of the company's stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of GBX 713 ($8.99), for a total transaction of £416,235.14 ($524,555.94). Insiders own 8.26% of the company's stock.
About Bloomsbury Publishing
(
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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.
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