Bloomsbury Publishing Plc (LON:BMY - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 670.97 ($8.47) and traded as low as GBX 667.61 ($8.43). Bloomsbury Publishing shares last traded at GBX 698 ($8.81), with a volume of 110,872 shares traded.
Analyst Upgrades and Downgrades
Separately, Berenberg Bank assumed coverage on shares of Bloomsbury Publishing in a research note on Wednesday, November 6th. They issued a "buy" rating and a GBX 825 ($10.41) target price for the company.
Read Our Latest Stock Report on BMY
Bloomsbury Publishing Price Performance
The company has a market cap of £568.45 million, a price-to-earnings ratio of 1,789.74 and a beta of 0.66. The company has a current ratio of 1.67, a quick ratio of 1.04 and a debt-to-equity ratio of 4.40. The company has a fifty day moving average price of GBX 679.75 and a two-hundred day moving average price of GBX 672.07.
Bloomsbury Publishing Cuts Dividend
The business also recently disclosed a dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, October 31st were issued a dividend of GBX 3.89 ($0.05) per share. This represents a yield of 0.57%. The ex-dividend date was Thursday, October 31st. Bloomsbury Publishing's payout ratio is 3,846.15%.
Insider Activity
In other news, insider Leslie-Ann Reed bought 12,139 shares of Bloomsbury Publishing stock in a transaction dated Monday, November 25th. The shares were bought at an average price of GBX 659 ($8.32) per share, for a total transaction of £79,996.01 ($100,966.82). Corporate insiders own 8.26% of the company's stock.
Bloomsbury Publishing Company Profile
(
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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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