Skillsoft (NYSE:SKIL) Stock Price Down 4.8% - Time to Sell?

Skillsoft Corp. (NYSE:SKIL - Get Free Report) shares were down 4.8% during mid-day trading on Monday . The company traded as low as $27.38 and last traded at $28.56. Approximately 63,631 shares changed hands during mid-day trading, a decline of 9% from the average daily volume of 70,221 shares. The stock had previously closed at $30.00.

Skillsoft Price Performance

The stock has a market capitalization of $243.19 million, a P/E ratio of -0.71 and a beta of 1.19. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a 50-day moving average price of $24.42 and a 200 day moving average price of $18.08.

Skillsoft (NYSE:SKIL - Get Free Report) last issued its quarterly earnings results on Tuesday, December 10th. The company reported ($1.82) EPS for the quarter, beating analysts' consensus estimates 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, analysts expect that Skillsoft Corp. will post -11.31 EPS for the current year.

Institutional Investors Weigh In On Skillsoft

A number of hedge funds and other institutional investors have recently modified their holdings of SKIL. Geode Capital Management LLC increased its stake in Skillsoft by 7.5% in the 3rd 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. purchased a new stake in shares of Skillsoft during the third quarter valued at approximately $52,000. Finally, Renaissance Technologies LLC grew its holdings in shares of Skillsoft by 20.5% in the second quarter. Renaissance Technologies LLC now owns 22,909 shares of the company's stock worth $317,000 after purchasing an additional 3,900 shares during the last quarter. Institutional investors own 87.00% of the company's stock.

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.