Scholastic (NASDAQ:SCHL) Stock Price Down 5.8% – Should You Sell?

Scholastic Co. (NASDAQ:SCHL)’s share price traded down 5.8% during mid-day trading on Wednesday . The stock traded as low as $19.81 and last traded at $19.68. 42,728 shares changed hands during trading, a decline of 82% from the average session volume of 240,192 shares. The stock had previously closed at $20.89.

Scholastic Stock Down 8.8 %

The stock has a 50 day moving average price of $20.24 and a 200 day moving average price of $24.64. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.81 and a current ratio of 1.24. The company has a market capitalization of $535.46 million, a P/E ratio of -105.58 and a beta of 1.10.

Scholastic (NASDAQ:SCHL) last announced its quarterly earnings data on Thursday, December 19th. The company reported $1.82 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.48). Scholastic had a positive return on equity of 1.91% and a negative net margin of 0.27%. Equities research analysts forecast that Scholastic Co. will post 0.84 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Scholastic

Institutional investors have recently bought and sold shares of the company. Lazard Asset Management LLC purchased a new stake in Scholastic in the 4th quarter worth about $33,000. Meeder Asset Management Inc. purchased a new position in shares of Scholastic in the third quarter worth about $46,000. KBC Group NV raised its position in shares of Scholastic by 125.4% in the fourth quarter. KBC Group NV now owns 2,443 shares of the company’s stock valued at $52,000 after purchasing an additional 1,359 shares during the period. FMR LLC lifted its stake in shares of Scholastic by 58.8% during the 3rd quarter. FMR LLC now owns 2,346 shares of the company’s stock valued at $75,000 after buying an additional 869 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in Scholastic in the 4th quarter valued at approximately $96,000. Hedge funds and other institutional investors own 82.57% of the company’s stock.

Scholastic Company Profile

Scholastic Corporation publishes and distributes children’s books worldwide. It operates in three segments: Children’s Book Publishing and Distribution, Education Solutions, and International. The Children’s Book Publishing and Distribution segment engages in publication and distribution of children’s print, digital, and audio books, as well as media and interactive products through its school reading events and trade channel; and operation of school-based book clubs and book fairs in the United States.