Pearson (NYSE:PSO) Shares Gap Down – Should You Sell?

Pearson plc (NYSE:PSO) gapped down prior to trading on Thursday . The stock had previously closed at $15.91, but opened at $15.51. Pearson shares last traded at $15.57, with a volume of 88,980 shares.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Pearson from a “buy” rating to a “hold” rating in a report on Friday, November 15th.

Pearson Stock Performance

The firm has a 50 day simple moving average of $15.76 and a two-hundred day simple moving average of $14.31. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.72 and a current ratio of 1.78.

Institutional Trading of Pearson

Hedge funds have recently added to or reduced their stakes in the business. Versant Capital Management Inc bought a new stake in Pearson during the 4th quarter valued at $26,000. Allspring Global Investments Holdings LLC raised its stake in Pearson by 86.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,145 shares of the company’s stock valued at $43,000 after acquiring an additional 1,462 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Pearson during the 3rd quarter valued at $47,000. EverSource Wealth Advisors LLC raised its stake in shares of Pearson by 86.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,517 shares of the company’s stock worth $61,000 after buying an additional 2,096 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Pearson by 78.6% in the 3rd quarter. GAMMA Investing LLC now owns 4,968 shares of the company’s stock worth $67,000 after buying an additional 2,186 shares in the last quarter. Institutional investors own 2.14% of the company’s stock.

Pearson Company Profile

Pearson plc offers educational courseware, assessments, and services in the United Kingdom, the United States, Canada, the Asia Pacific, other European countries, and internationally. The company operates through five segments: Assessment & Qualifications, Virtual Learning, English Language Learning, Workforce Skills, and Higher Education.