Franklin Covey (NYSE:FC) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Franklin Covey Company (NYSE:FC) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $19.73 and traded as high as $20.93. Franklin Covey shares last traded at $20.56, with a volume of 67,809 shares trading hands.

Analyst Ratings Changes

FC has been the topic of several research analyst reports. National Bank Financial raised shares of Franklin Covey to a “hold” rating in a research note on Sunday, June 28th. Wall Street Zen upgraded shares of Franklin Covey from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. Weiss Ratings upgraded Franklin Covey from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, July 8th. Roth Capital raised their price target on Franklin Covey from $22.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Finally, Barrington Research reiterated an “outperform” rating and issued a $30.00 price objective on shares of Franklin Covey in a research report on Thursday, July 2nd. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Franklin Covey has an average rating of “Hold” and an average target price of $27.50.

Franklin Covey Price Performance

The stock’s 50 day simple moving average is $22.87 and its two-hundred day simple moving average is $19.76. The company has a market capitalization of $231.92 million, a P/E ratio of 120.79, a P/E/G ratio of 1.07 and a beta of 0.80.

Franklin Covey (NYSE:FC) last released its quarterly earnings results on Wednesday, July 1st. The business services provider reported $0.27 EPS for the quarter, beating the consensus estimate of $0.24 by $0.03. The business had revenue of $67.81 million for the quarter, compared to analysts’ expectations of $68.33 million. Franklin Covey had a net margin of 0.83% and a return on equity of 17.37%. During the same period in the prior year, the firm earned ($0.11) earnings per share. As a group, equities research analysts expect that Franklin Covey Company will post 0.96 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FC. State of Alaska Department of Revenue acquired a new stake in shares of Franklin Covey in the 4th quarter valued at $31,000. Wiser Advisor Group LLC acquired a new position in shares of Franklin Covey during the third quarter valued at $35,000. BNP Paribas Financial Markets lifted its stake in shares of Franklin Covey by 98.9% during the third quarter. BNP Paribas Financial Markets now owns 2,236 shares of the business services provider’s stock valued at $43,000 after acquiring an additional 1,112 shares during the period. Amundi bought a new position in Franklin Covey in the first quarter valued at about $58,000. Finally, Quarry LP bought a new position in Franklin Covey in the third quarter valued at about $74,000. 69.88% of the stock is currently owned by institutional investors.

About Franklin Covey

Franklin Covey Co (NYSE:FC) is a global consulting and training firm specializing in performance improvement solutions for individuals and organizations. The company offers a range of services, including leadership development, productivity tools, execution frameworks and assessments designed to foster personal effectiveness and drive business results. Its flagship offerings integrate training workshops, digital resources and coaching to support clients in areas such as strategic planning, team productivity and change management.

The origins of Franklin Covey trace back to the merger in 1997 of Franklin Quest Co, founded in 1983 by Hyrum W.