Pearson (LON:PSON) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Pearson plc (LON:PSON)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,006.31 and traded as high as GBX 1,009. Pearson shares last traded at GBX 1,009, with a volume of 987,176,813 shares changing hands.

Wall Street Analyst Weigh In

Separately, Citigroup initiated coverage on Pearson in a report on Monday, January 12th. They set a “buy” rating and a GBX 1,300 price objective on the stock. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 1,220.

Pearson Stock Up 2.2%

The firm’s 50 day moving average price is GBX 950.56 and its 200-day moving average price is GBX 1,006.31. The company has a current ratio of 2.00, a quick ratio of 1.07 and a debt-to-equity ratio of 52.00. The company has a market cap of £6.35 billion, a P/E ratio of 19.90, a price-to-earnings-growth ratio of 0.83 and a beta of 0.34.

Pearson (LON:PSON) last posted its quarterly earnings results on Monday, March 2nd. The company reported GBX 64.50 earnings per share for the quarter. Pearson had a net margin of 9.37% and a return on equity of 9.26%.

About Pearson

At Pearson, our purpose is simple: to add life to a lifetime of learning. We believe that every learning opportunity is a chance for a personal breakthrough. That’s why our c.17,000 Pearson employees are committed to creating vibrant and enriching learning experiences designed for real-life impact. We serve customers in over 40 countries, supporting lifelong learning through world-class assessments and learning experiences, and trusted certifications and credentialing. For us, learning isn’t just what we do.