Pearson (NYSE:PSO) Share Price Passes Above 200-Day Moving Average – Here’s What Happened

Pearson, PLC (NYSE:PSO) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $13.51 and traded as high as $15.24. Pearson shares last traded at $15.2050, with a volume of 990,153 shares changing hands.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Pearson from a “buy” rating to a “hold” rating in a research report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Pearson Price Performance

The business has a 50-day simple moving average of $14.05 and a 200 day simple moving average of $13.51. The company has a current ratio of 2.00, a quick ratio of 1.94 and a debt-to-equity ratio of 0.39.

Pearson Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, March 20th were given a dividend of $0.2346 per share. The ex-dividend date of this dividend was Friday, March 20th. This represents a yield of 368.0%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. CIBC Private Wealth Group LLC raised its position in shares of Pearson by 952.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,757 shares of the company’s stock worth $25,000 after acquiring an additional 1,590 shares in the last quarter. Kestra Advisory Services LLC bought a new position in shares of Pearson in the 4th quarter worth approximately $35,000. Farther Finance Advisors LLC raised its position in shares of Pearson by 54.2% in the 4th quarter. Farther Finance Advisors LLC now owns 2,947 shares of the company’s stock worth $41,000 after acquiring an additional 1,036 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Pearson in the 4th quarter worth approximately $42,000. Finally, Royal Bank of Canada raised its position in shares of Pearson by 86.5% in the 1st quarter. Royal Bank of Canada now owns 5,613 shares of the company’s stock worth $74,000 after acquiring an additional 2,604 shares in the last quarter. Institutional investors own 2.14% of the company’s stock.

About Pearson

Pearson plc is a global education company headquartered in London, England, with significant operations in North America, Europe, Asia, and Latin America. Tracing its roots back to 1844, Pearson evolved from its early beginnings into one of the world’s leading providers of educational content, digital learning tools, and assessment services. The company’s American subsidiary trades on the New York Stock Exchange under the symbol PSO.

Pearson’s core business encompasses a broad portfolio of products and services for learners, educators, and institutions.