Bloomsbury Publishing (LON:BMY) Shares Cross Above 200-Day Moving Average – Here’s Why

Bloomsbury Publishing Plc (LON:BMY) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 631.98 ($8.25) and traded as high as GBX 690 ($9.01). Bloomsbury Publishing shares last traded at GBX 674 ($8.80), with a volume of 36,575 shares trading hands.

Bloomsbury Publishing Price Performance

The firm has a market cap of £534.25 million, a P/E ratio of 1,692.42 and a beta of 0.66. The company has a debt-to-equity ratio of 4.40, a current ratio of 1.67 and a quick ratio of 1.04. The firm’s 50 day moving average is GBX 686.27 and its 200 day moving average is GBX 633.97.

Insider Activity

In other Bloomsbury Publishing news, insider Nigel Newton sold 58,378 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of GBX 713 ($9.31), for a total value of £416,235.14 ($543,529.83). Company insiders own 8.26% of the company’s stock.

About Bloomsbury Publishing

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.