Pearson (NYSE:PSO) Reaches New 1-Year Low at $8.14

Pearson PLC (NYSE:PSO) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $8.14 and last traded at $8.20, with a volume of 41352 shares. The stock had previously closed at $8.62.

Several research analysts recently issued reports on PSO shares. Deutsche Bank raised shares of Pearson from a “sell” rating to a “hold” rating in a report on Monday, October 21st. Zacks Investment Research raised shares of Pearson from a “sell” rating to a “hold” rating in a report on Wednesday. Citigroup raised shares of Pearson from a “neutral” rating to a “buy” rating in a report on Monday, July 29th. Finally, UBS Group raised shares of Pearson from a “neutral” rating to a “buy” rating in a report on Friday, September 13th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $10.95.

The company has a quick ratio of 1.80, a current ratio of 1.95 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $6.38 billion, a PE ratio of 8.77 and a beta of 0.13. The stock’s fifty day simple moving average is $8.77 and its 200-day simple moving average is $9.92.

A number of institutional investors have recently modified their holdings of the business. Parametric Portfolio Associates LLC increased its holdings in Pearson by 10.7% in the second quarter. Parametric Portfolio Associates LLC now owns 1,278,370 shares of the company’s stock valued at $13,244,000 after buying an additional 123,120 shares in the last quarter. Northern Trust Corp grew its position in shares of Pearson by 7.7% in the second quarter. Northern Trust Corp now owns 813,537 shares of the company’s stock valued at $8,429,000 after purchasing an additional 58,245 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Pearson by 5.7% in the second quarter. Renaissance Technologies LLC now owns 393,900 shares of the company’s stock valued at $4,081,000 after purchasing an additional 21,300 shares during the last quarter. Henry James International Management Inc. grew its position in shares of Pearson by 26.4% in the third quarter. Henry James International Management Inc. now owns 329,680 shares of the company’s stock valued at $2,980,000 after purchasing an additional 68,950 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Pearson in the second quarter valued at approximately $3,134,000. 1.32% of the stock is owned by institutional investors.

Pearson Company Profile (NYSE:PSO)

Pearson plc provides educational products and services to institutions, governments, professional bodies, and individual learners worldwide. The company operates through three segments: North America, Core, and Growth. It offers courseware services, including curriculum materials provided in book form and/or via access to digital content; and assessments, such as test development, processing, and scoring services.

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