Skillsoft (NYSE:SKIL) Trading Down 4.8% – Here’s Why

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

Skillsoft Stock Down 4.8 %

The firm’s fifty day moving average price is $23.24 and its two-hundred day moving average price is $17.72. The stock has a market cap of $236.49 million, a price-to-earnings ratio of -0.69 and a beta of 1.19. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.88 and a quick ratio of 0.88.

Skillsoft (NYSE:SKIL) last announced its quarterly earnings data on Tuesday, December 10th. The company reported ($1.82) earnings per share for the quarter, beating 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%. Sell-side analysts forecast that Skillsoft Corp. will post -11.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Skillsoft

Several large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its position in Skillsoft by 7.5% in the 3rd quarter. Geode Capital Management LLC now owns 45,622 shares of the company’s stock valued at $707,000 after acquiring an additional 3,182 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Skillsoft during the 3rd quarter worth approximately $52,000. Finally, Renaissance Technologies LLC lifted 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 worth $317,000 after buying an additional 3,900 shares in 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.