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

Franklin Covey Company (NYSE:FC)’s share price passed 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 changing hands.

Analyst Upgrades and Downgrades

FC has been the subject of a number of recent research reports. 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 issued a $25.00 price objective 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 issued a Sell rating to the company. According to MarketBeat, Franklin Covey presently has an average rating of “Hold” and an average target price of $26.00.

Franklin Covey Trading Down 2.8%

The company’s fifty day moving average price is $22.75 and its two-hundred day moving average price is $18.77. The firm has a market cap of $266.29 million, a P/E ratio of -112.51, a price-to-earnings-growth ratio of 1.53 and a beta of 0.81.

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

Institutional Trading of Franklin Covey

Hedge funds have recently bought and sold shares of the stock. Hsbc Holdings PLC acquired a new stake in Franklin Covey during the 4th quarter worth approximately $209,000. Wells Fargo & Company MN grew its stake in shares of Franklin Covey by 71.8% during the 4th quarter. Wells Fargo & Company MN now owns 11,831 shares of the business services provider’s stock worth $199,000 after acquiring an additional 4,945 shares in the last quarter. Wiser Advisor Group LLC bought a new position in shares of Franklin Covey during the 3rd quarter worth approximately $35,000. Quarry LP bought a new position in shares of Franklin Covey during the 3rd quarter worth approximately $74,000. Finally, Aquatic Capital Management LLC grew its stake in shares of Franklin Covey by 37.7% during the 3rd quarter. Aquatic Capital Management LLC now owns 6,766 shares of the business services provider’s stock worth $131,000 after acquiring an additional 1,851 shares in the last quarter. 69.88% of the stock is currently owned by institutional investors and hedge funds.

About Franklin Covey

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.