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

Shares of Skillsoft Corp. (NYSE:SKIL - Get Free Report) traded down 5.2% on Tuesday . The stock traded as low as $17.47 and last traded at $18.17. 45,641 shares were traded 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 Stock Performance

The stock has a market cap of $162.04 million, a price-to-earnings ratio of -0.47 and a beta of 1.28. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 4.77. The firm has a fifty day simple moving average of $27.56 and a 200-day simple moving average of $20.04.

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Geode Capital Management LLC grew its stake in shares of Skillsoft by 7.5% during the third quarter. Geode Capital Management LLC now owns 45,622 shares of the company's stock worth $707,000 after purchasing an additional 3,182 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Skillsoft in the 3rd quarter valued at approximately $52,000. Bank of America Corp DE boosted its stake in Skillsoft by 330.0% during the 4th quarter. Bank of America Corp DE now owns 1,750 shares of the company's stock worth $42,000 after acquiring an additional 1,343 shares during the last quarter. Millennium Management LLC grew its holdings in Skillsoft by 12.5% during the fourth quarter. Millennium Management LLC now owns 58,041 shares of the company's stock valued at $1,391,000 after purchasing an additional 6,441 shares during the period. 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 purchasing an additional 5,142 shares in the last quarter. 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.