Pearson (LON:PSON) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Pearson plc (LON:PSON)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,026.62 ($12.92) and traded as high as GBX 1,210 ($15.23). Pearson shares last traded at GBX 1,200 ($15.11), with a volume of 1,147,923 shares traded.

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a “buy” rating on shares of Pearson in a research note on Monday, July 29th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 1,101.75 ($13.87).

Pearson Price Performance

The firm has a market cap of £7.98 billion, a price-to-earnings ratio of 2,402.00, a P/E/G ratio of 0.83 and a beta of 0.31. The company has a debt-to-equity ratio of 43.56, a quick ratio of 1.07 and a current ratio of 1.78. The business has a 50 day simple moving average of GBX 1,086.05 and a 200-day simple moving average of GBX 1,029.23.

Insider Buying and Selling

In other news, insider Sherry Coutu purchased 922 shares of Pearson stock in a transaction that occurred on Monday, September 30th. The stock was bought at an average price of GBX 1,017 ($12.80) per share, with a total value of £9,376.74 ($11,805.04). 0.35% of the stock is currently owned by company insiders.

About Pearson

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.