Bloomsbury Publishing (LON:BMY) Stock Price Down 15.6% – Here’s What Happened

Shares of Bloomsbury Publishing Plc (LON:BMY) were down 15.6% during trading on Thursday . The company traded as low as GBX 521 ($6.99) and last traded at GBX 549.21 ($7.36). Approximately 3,887,027 shares were traded during mid-day trading, an increase of 1,152% from the average daily volume of 310,439 shares. The stock had previously closed at GBX 651 ($8.73).

Bloomsbury Publishing Trading Down 14.7%

The company has a market cap of £447.85 million, a P/E ratio of 11.87 and a beta of 0.66. The business’s 50-day moving average price is GBX 590.74 and its 200 day moving average price is GBX 631.05. The company has a debt-to-equity ratio of 15.10, a quick ratio of 1.04 and a current ratio of 1.52.

Bloomsbury Publishing (LON:BMY) last issued its earnings results on Thursday, May 22nd. The company reported GBX 42.03 ($0.56) earnings per share (EPS) for the quarter. Bloomsbury Publishing had a net margin of 9.77% and a return on equity of 18.62%. As a group, analysts expect that Bloomsbury Publishing Plc will post 2529.9999179 earnings per share for the current year.

Bloomsbury Publishing Company Profile

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.