Franklin Covey (NYSE:FC) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

Franklin Covey Company (NYSE:FC) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $17.62 and traded as high as $21.19. Franklin Covey shares last traded at $20.4650, with a volume of 40,260 shares changing hands.

Analyst Ratings Changes

FC has been the topic of a number of recent analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Franklin Covey in a report on Friday, April 10th. Barrington Research reiterated an “outperform” rating and issued a $25.00 price target on shares of Franklin Covey in a research note on Thursday, April 2nd. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Franklin Covey has an average rating of “Hold” and an average target price of $26.00.

Franklin Covey Price Performance

The business has a 50-day simple moving average of $18.65 and a two-hundred day simple moving average of $17.62. The stock has a market cap of $230.64 million, a price-to-earnings ratio of -97.45, a P/E/G ratio of 1.29 and a beta of 0.78.

Franklin Covey (NYSE:FC) last released its quarterly earnings data on Wednesday, April 1st. The business services provider reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.06). The business had revenue of $59.65 million during the quarter, compared to analyst estimates of $58.71 million. Franklin Covey had a negative net margin of 0.88% and a positive return on equity of 12.79%. As a group, equities analysts anticipate that Franklin Covey Company will post 0.8 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Franklin Covey

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue bought a new position in shares of Franklin Covey in the fourth quarter valued at about $31,000. Wiser Advisor Group LLC acquired a new stake in shares of Franklin Covey during the 3rd quarter worth about $35,000. CWM LLC boosted its holdings in shares of Franklin Covey by 81.8% during the 3rd quarter. CWM LLC now owns 1,983 shares of the business services provider’s stock worth $38,000 after buying an additional 892 shares during the period. BNP Paribas Financial Markets grew its stake in Franklin Covey by 98.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,236 shares of the business services provider’s stock valued at $43,000 after buying an additional 1,112 shares during the last quarter. Finally, Amundi acquired a new position in Franklin Covey in the 1st quarter valued at about $58,000. 69.88% of the stock is owned by institutional investors.

Franklin Covey Company Profile

Franklin Covey Co (NYSE:FC) is a global consulting and training firm specializing in performance improvement solutions for individuals and organizations. The company offers a range of services, including leadership development, productivity tools, execution frameworks and assessments designed to foster personal effectiveness and drive business results. Its flagship offerings integrate training workshops, digital resources and coaching to support clients in areas such as strategic planning, team productivity and change management.

The origins of Franklin Covey trace back to the merger in 1997 of Franklin Quest Co, founded in 1983 by Hyrum W.