Bloomsbury Publishing (LON:BMY) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Bloomsbury Publishing Plc (LON:BMY) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 490.30 and traded as high as GBX 492.50. Bloomsbury Publishing shares last traded at GBX 487, with a volume of 1,862,866 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 825 price objective on shares of Bloomsbury Publishing in a report on Wednesday, December 3rd. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of GBX 820.

Bloomsbury Publishing Trading Up 0.6%

The company has a quick ratio of 1.04, a current ratio of 1.52 and a debt-to-equity ratio of 15.10. The stock’s 50 day moving average is GBX 487.36 and its 200-day moving average is GBX 490.30. The company has a market cap of £396.40 million, a PE ratio of 17.77 and a beta of 0.66.

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. It serves communities of interest in sports and sports science, nautical, military history, natural history, arts and crafts, and popular science; and offers books for students of the arts, humanities, and social sciences.