Pearson (LON:PSON) Stock Price Down 9.5% – Time to Sell?

Shares of Pearson plc (LON:PSON) dropped 9.5% on Wednesday . The company traded as low as GBX 972.80 and last traded at GBX 972.80. Approximately 5,778,498 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 29,620,949 shares. The stock had previously closed at GBX 1,075.50.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on PSON shares. Citigroup assumed coverage on Pearson in a research note on Monday. They set a “buy” rating and a GBX 1,300 price objective on the stock. JPMorgan Chase & Co. restated an “overweight” rating on shares of Pearson in a report on Wednesday, October 15th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,220.

Pearson Trading Down 9.5%

The business has a 50 day moving average of GBX 1,024.68 and a two-hundred day moving average of GBX 1,053.49. The firm has a market cap of £6.18 billion, a P/E ratio of 14.92, a PEG ratio of 0.83 and a beta of 0.31. The company has a current ratio of 1.78, a quick ratio of 1.07 and a debt-to-equity ratio of 42.49.

Insider Activity

In other news, insider Omar Abbosh sold 52,025 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of GBX 1,051, for a total transaction of £546,782.75. Also, insider Annette Thomas bought 391 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The stock was purchased at an average cost of GBX 991 per share, for a total transaction of £3,874.81. Insiders own 0.72% of the company’s stock.

About Pearson

At Pearson, our purpose is simple: to add life to a lifetime of learning. We believe that every learning opportunity is a chance for a personal breakthrough. That’s why our c.17,000 Pearson employees are committed to creating vibrant and enriching learning experiences designed for real-life impact. We serve customers in over 40 countries, supporting lifelong learning through world-class assessments and learning experiences, and trusted certifications and credentialing. For us, learning isn’t just what we do.