Bloomsbury Publishing (LON:BMY) Stock Price Down 17.5% – What’s Next?

Bloomsbury Publishing Plc (LON:BMY) dropped 17.5% during trading on Thursday . The stock traded as low as GBX 521 ($7.05) and last traded at GBX 537 ($7.27). Approximately 4,273,930 shares changed hands during trading, an increase of 1,259% from the average daily volume of 314,387 shares. The stock had previously closed at GBX 651 ($8.81).

Bloomsbury Publishing Price Performance

The company has a current ratio of 1.52, a quick ratio of 1.04 and a debt-to-equity ratio of 15.10. The company has a 50 day moving average price of GBX 588.02 and a 200 day moving average price of GBX 628.90. The company has a market capitalization of £400.24 million, a P/E ratio of 10.61 and a beta of 0.66.

Bloomsbury Publishing (LON:BMY) last issued its earnings results on Thursday, May 22nd. The company reported GBX 42.03 ($0.57) EPS for the quarter. Bloomsbury Publishing had a return on equity of 18.62% and a net margin of 9.77%. On average, equities analysts predict that Bloomsbury Publishing Plc will post 2529.9999179 EPS for the current fiscal year.

About Bloomsbury Publishing

Bloomsbury Publishing Plc publishes academic, educational, and general fiction and non-fiction books for children, teachers, students, researchers, and professionals worldwide. The company offers books and digital resources to international research community and higher education students; online law, accounting, and tax services for the United Kingdom and professionals; and publishing services for corporations and institutions.