Bloomsbury Publishing (LON:BMY) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Bloomsbury Publishing Plc (LON:BMY) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 639.02 ($8.30) and traded as high as GBX 684 ($8.88). Bloomsbury Publishing shares last traded at GBX 678 ($8.80), with a volume of 138,870 shares traded.

Bloomsbury Publishing Price Performance

The firm has a market cap of £552.16 million, a price-to-earnings ratio of 1,738.46 and a beta of 0.66. The company has a quick ratio of 1.04, a current ratio of 1.67 and a debt-to-equity ratio of 4.40. The company’s 50-day moving average price is GBX 684.88 and its 200-day moving average price is GBX 639.02.

Insider Activity at Bloomsbury Publishing

In related news, insider Nigel Newton sold 58,378 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of GBX 713 ($9.26), for a total value of £416,235.14 ($540,424.75). 8.26% of the stock is owned by corporate insiders.

Bloomsbury Publishing Company Profile

Bloomsbury Publishing Plc publishes academic, educational, and general fiction and non-fiction books for children, teachers, students, researchers, and professionals worldwide. The company offers books and digital resources to international research community and higher education students; online law, accounting, and tax services for the United Kingdom and professionals; and publishing services for corporations and institutions.