Bloomsbury Publishing (LON:BMY) Trading Down 19.5% – Here’s What Happened

Bloomsbury Publishing Plc (LON:BMY)’s share price traded down 19.5% during trading on Thursday . The stock traded as low as GBX 522 ($7.01) and last traded at GBX 524 ($7.03). 2,397,773 shares changed hands during mid-day trading, an increase of 712% from the average session volume of 295,242 shares. The stock had previously closed at GBX 651 ($8.74).

Bloomsbury Publishing Stock Down 1.7%

The firm has a market capitalization of £415.57 million, a PE ratio of 11.02 and a beta of 0.66. The company has a debt-to-equity ratio of 15.10, a current ratio of 1.52 and a quick ratio of 1.04. The company has a 50-day moving average price of GBX 589.54 and a 200 day moving average price of GBX 630.31.

Bloomsbury Publishing (LON:BMY) last issued its earnings results on Thursday, May 22nd. The company reported GBX 42.03 ($0.56) earnings per share (EPS) for the quarter. Bloomsbury Publishing had a return on equity of 18.62% and a net margin of 9.77%. Analysts forecast that Bloomsbury Publishing Plc will post 2529.9999179 earnings per share for the current year.

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.