Scholastic (NASDAQ:SCHL) Trading Down 3.5% – What’s Next?

Scholastic Co. (NASDAQ:SCHL)’s share price traded down 3.5% during mid-day trading on Wednesday . The company traded as low as $18.42 and last traded at $18.38. 60,880 shares were traded during trading, a decline of 73% from the average session volume of 228,425 shares. The stock had previously closed at $19.06.

Scholastic Stock Down 2.0 %

The firm has a market cap of $524.93 million, a price-to-earnings ratio of -103.80 and a beta of 1.10. 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 business’s 50-day moving average is $20.08 and its 200-day moving average is $24.21.

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

Institutional Investors Weigh In On Scholastic

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC bought a new position in shares of Scholastic in the 4th quarter valued at about $33,000. Meeder Asset Management Inc. bought a new position in Scholastic during the 3rd quarter worth approximately $46,000. KBC Group NV boosted its stake in Scholastic by 125.4% during the 4th quarter. KBC Group NV now owns 2,443 shares of the company’s stock worth $52,000 after acquiring an additional 1,359 shares during the last quarter. FMR LLC boosted its stake in Scholastic by 58.8% during the 3rd quarter. FMR LLC now owns 2,346 shares of the company’s stock worth $75,000 after acquiring an additional 869 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in Scholastic during the 4th quarter worth approximately $96,000. Institutional investors and hedge funds 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.