Skillsoft (NYSE:SKIL) Shares Down 5.2% - Time to Sell?

Shares of Skillsoft Corp. (NYSE:SKIL - Get Free Report) traded down 5.2% during trading on Tuesday . The company traded as low as $17.47 and last traded at $18.17. 45,641 shares traded hands during mid-day trading, a decline of 20% from the average session volume of 57,356 shares. The stock had previously closed at $19.17.

Skillsoft Trading Up 7.2 %

The company has a debt-to-equity ratio of 4.77, a current ratio of 0.88 and a quick ratio of 0.88. The company has a market cap of $162.04 million, a PE ratio of -0.47 and a beta of 1.28. The firm's 50 day moving average is $27.56 and its 200 day moving average is $20.10.

Skillsoft (NYSE:SKIL - Get Free Report) last released its quarterly earnings results on Tuesday, December 10th. The company reported ($1.82) earnings per share for the quarter, topping the consensus estimate of ($3.01) by $1.19. Skillsoft had a negative net margin of 62.85% and a negative return on equity of 53.74%. On average, equities analysts anticipate that Skillsoft Corp. will post -11.31 earnings per share for the current year.

Institutional Trading of Skillsoft

Several institutional investors and hedge funds have recently modified their holdings of the business. AREX Capital Management LP raised its stake in Skillsoft by 75.1% in the fourth quarter. AREX Capital Management LP now owns 341,721 shares of the company's stock valued at $8,188,000 after purchasing an additional 146,590 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Skillsoft by 8.0% during the 4th quarter. Renaissance Technologies LLC now owns 81,080 shares of the company's stock valued at $1,943,000 after buying an additional 6,000 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Skillsoft by 12.5% during the 4th quarter. Millennium Management LLC now owns 58,041 shares of the company's stock worth $1,391,000 after acquiring an additional 6,441 shares during the last quarter. Geode Capital Management LLC grew its position in Skillsoft by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 46,060 shares of the company's stock worth $1,104,000 after acquiring an additional 438 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Skillsoft by 35.8% in the fourth quarter. Northern Trust Corp now owns 19,508 shares of the company's stock valued at $467,000 after acquiring an additional 5,142 shares during the last quarter. Hedge funds and other institutional investors own 87.00% of the company's stock.

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Skillsoft Company Profile

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.