Skillsoft (NYSE:SKIL) Trading Down 1.5% – Should You Sell?

Skillsoft Corp. (NYSE:SKIL)’s share price was down 1.5% during mid-day trading on Wednesday . The company traded as low as $14.78 and last traded at $15.07. Approximately 9,001 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 52,991 shares. The stock had previously closed at $15.30.

Skillsoft Trading Down 1.5 %

The stock has a market cap of $124.03 million, a price-to-earnings ratio of -0.36 and a beta of 1.31. The business has a 50-day simple moving average of $15.41 and a two-hundred day simple moving average of $13.57. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.88 and a current ratio of 0.88.

Skillsoft (NYSE:SKIL) last released its earnings results on Monday, September 9th. The company reported ($2.40) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($3.96) by $1.56. Skillsoft had a negative return on equity of 41.27% and a negative net margin of 63.42%. The business had revenue of $132.22 million for the quarter, compared to the consensus estimate of $131.39 million. As a group, research analysts forecast that Skillsoft Corp. will post -10.64 EPS for the current year.

Institutional Trading of Skillsoft

Several hedge funds and other institutional investors have recently modified their holdings of SKIL. Renaissance Technologies LLC boosted its holdings in Skillsoft by 20.5% in the 2nd quarter. Renaissance Technologies LLC now owns 22,909 shares of the company’s stock valued at $317,000 after purchasing an additional 3,900 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Skillsoft in the third quarter valued at approximately $52,000. Geode Capital Management LLC boosted its stake in shares of Skillsoft by 7.5% in the third quarter. Geode Capital Management LLC now owns 45,622 shares of the company’s stock valued at $707,000 after buying an additional 3,182 shares during the period. Finally, Summit Securities Group LLC acquired a new stake in Skillsoft during the second quarter worth approximately $39,000. 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.