Bloomsbury Publishing (LON:BMY) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Bloomsbury Publishing Plc (LON:BMY) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 stock has a fifty day moving average of GBX 684.24 and a two-hundred day moving average of GBX 639.32. The company has a current ratio of 1.67, a quick ratio of 1.04 and a debt-to-equity ratio of 4.40. The stock has a market capitalization of £601.03 million, a price-to-earnings ratio of 1,902.56 and a beta of 0.66.

Bloomsbury Publishing Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, October 31st will be paid a GBX 3.89 ($0.05) dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a dividend yield of 0.57%. Bloomsbury Publishing’s dividend payout ratio (DPR) is presently 3,846.15%.

Insider Buying and Selling

In other news, insider Nigel Newton sold 58,378 shares of Bloomsbury Publishing 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 transaction of £416,235.14 ($540,424.75). 8.26% of the stock is owned by corporate insiders.

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.