Pearson (NYSE:PSO) Sets New 1-Year High - Should You Buy?

Pearson plc (NYSE:PSO - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $15.55 and last traded at $15.55, with a volume of 3145 shares. The stock had previously closed at $15.52.

Analysts Set New Price Targets

PSO has been the topic of several research analyst reports. StockNews.com upgraded Pearson from a "hold" rating to a "buy" rating in a report on Thursday. Citigroup upgraded shares of Pearson to a "strong-buy" rating in a research note on Tuesday, July 30th.

Pearson Stock Performance

The company has a current ratio of 1.78, a quick ratio of 1.72 and a debt-to-equity ratio of 0.34. The firm has a fifty day simple moving average of $13.87 and a 200-day simple moving average of $13.12.

Institutional Investors Weigh In On Pearson

Institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its position in shares of Pearson by 88.7% in the first quarter. EverSource Wealth Advisors LLC now owns 2,421 shares of the company's stock valued at $29,000 after buying an additional 1,138 shares in the last quarter. GAMMA Investing LLC raised its position in Pearson by 43.2% during the second quarter. GAMMA Investing LLC now owns 2,782 shares of the company's stock worth $35,000 after acquiring an additional 839 shares during the last quarter. SageView Advisory Group LLC purchased a new stake in shares of Pearson in the first quarter valued at about $42,000. Allspring Global Investments Holdings LLC grew its position in shares of Pearson by 86.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,145 shares of the company's stock valued at $43,000 after purchasing an additional 1,462 shares during the last quarter. Finally, CWM LLC increased its position in Pearson by 22.5% during the second quarter. CWM LLC now owns 4,650 shares of the company's stock worth $58,000 after buying an additional 855 shares in the last quarter. Hedge funds and other institutional investors own 2.14% of the company's stock.

Pearson Company Profile

Pearson plc offers educational courseware, assessments, and services in the United Kingdom, the United States, Canada, the Asia Pacific, other European countries, and internationally. The company operates through five segments: Assessment & Qualifications, Virtual Learning, English Language Learning, Workforce Skills, and Higher Education.