Skillsoft (NYSE:SKIL) Trading Up 0.1% - Here's What Happened

Shares of Skillsoft Corp. (NYSE:SKIL - Get Free Report) were up 0.1% during trading on Tuesday . The stock traded as high as $16.00 and last traded at $15.76. Approximately 11,675 shares were traded during trading, a decline of 79% from the average daily volume of 55,039 shares. The stock had previously closed at $15.75.

Skillsoft Trading Up 1.5 %

The stock has a market cap of $131.60 million, a PE ratio of -0.38 and a beta of 1.31. The company has a 50 day moving average of $15.01 and a two-hundred day moving average of $12.72. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.88 and a current ratio of 0.88.

Skillsoft (NYSE:SKIL - Get Free Report) last announced its earnings results on Monday, September 9th. The company reported ($2.40) earnings per share (EPS) for the quarter, beating the consensus estimate of ($3.96) by $1.56. The business had revenue of $132.22 million for the quarter, compared to analyst estimates of $131.39 million. Skillsoft had a negative net margin of 63.42% and a negative return on equity of 41.27%. Sell-side analysts anticipate that Skillsoft Corp. will post -10.64 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets acquired a new position in shares of Skillsoft during the 1st quarter valued at about $192,000. Paradice Investment Management LLC grew its stake in shares of Skillsoft by 7.1% in the 1st quarter. Paradice Investment Management LLC now owns 659,859 shares of the company's stock valued at $5,939,000 after buying an additional 43,791 shares during the period. Summit Securities Group LLC acquired a new stake in shares of Skillsoft during the 2nd quarter worth approximately $39,000. Finally, Renaissance Technologies LLC raised its position in shares of Skillsoft by 20.5% during the 2nd quarter. Renaissance Technologies LLC now owns 22,909 shares of the company's stock valued at $317,000 after buying an additional 3,900 shares during the period. 87.00% of the stock is currently owned by institutional investors and hedge funds.

About Skillsoft

Skillsoft Corp. provides content and platform and instructor-led training services in the United States and internationally. The company's Content & Platform segment engages in the sale, marketing, and delivery of its content learning solutions in areas, such as leadership and business, technology and developer, and compliance comprising individualized coaching, as well as technical skill areas.