Franklin Covey (NYSE:FC) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Franklin Covey Company (NYSE:FC)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $18.77 and traded as high as $24.37. Franklin Covey shares last traded at $23.6280, with a volume of 43,310 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on FC shares. Weiss Ratings restated a “sell (d)” rating on shares of Franklin Covey in a research note on Friday, April 10th. Barrington Research restated an “outperform” rating and set 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $26.00.

Franklin Covey Trading Up 1.8%

The firm has a 50 day simple moving average of $22.74 and a two-hundred day simple moving average of $18.88. The company has a market capitalization of $264.63 million, a PE ratio of -111.81, a P/E/G ratio of 1.45 and a beta of 0.81.

Franklin Covey (NYSE:FC) last announced its earnings results on Wednesday, April 1st. The business services provider reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.06). The company had revenue of $59.65 million during the quarter, compared to analysts’ expectations of $58.71 million. Franklin Covey had a negative net margin of 0.88% and a positive return on equity of 12.79%. Research analysts expect that Franklin Covey Company will post 0.8 earnings per share for the current fiscal year.

Institutional Trading of Franklin Covey

Hedge funds have recently modified their holdings of the business. State of Wyoming lifted its holdings in shares of Franklin Covey by 123.0% in the 2nd quarter. State of Wyoming now owns 14,366 shares of the business services provider’s stock valued at $328,000 after buying an additional 7,923 shares during the period. Numerai GP LLC lifted its holdings in shares of Franklin Covey by 15.9% in the 3rd quarter. Numerai GP LLC now owns 15,703 shares of the business services provider’s stock valued at $305,000 after buying an additional 2,151 shares during the period. EP Wealth Advisors LLC acquired a new stake in shares of Franklin Covey in the 4th quarter valued at approximately $274,000. Man Group plc acquired a new stake in shares of Franklin Covey in the 4th quarter valued at approximately $226,000. Finally, Creative Planning acquired a new stake in shares of Franklin Covey in the 2nd quarter valued at approximately $217,000. 69.88% of the stock is owned by institutional investors and hedge funds.

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.