Pearson PLC (PSO) Trading Down 8.9%
Pearson PLC (NYSE:PSO)’s share price dropped 8.9% during trading on Friday . The stock traded as low as $11.35 and last traded at $11.64, with a volume of 704,096 shares changing hands. The stock had previously closed at $12.78.
PSO has been the topic of several research analyst reports. Jefferies Group restated a “buy” rating on shares of Pearson PLC in a research report on Wednesday, May 25th. Citigroup Inc. reaffirmed a “buy” rating on shares of Pearson PLC in a report on Saturday, May 14th. Beaufort Securities reaffirmed a “buy” rating on shares of Pearson PLC in a report on Thursday, May 5th. Zacks Investment Research raised Pearson PLC from a “sell” rating to a “hold” rating in a report on Wednesday, April 20th. Finally, Societe Generale cut Pearson PLC from a “buy” rating to a “hold” rating in a report on Thursday, July 7th. Four analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold”.
The firm has a 50 day moving average of $12.43 and a 200 day moving average of $11.89. The company has a market cap of $9.52 billion and a P/E ratio of 8.80.
A hedge fund recently raised its stake in Pearson PLC stock. TD Asset Management Inc. boosted its stake in Pearson PLC (NYSE:PSO) by 10.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 161,780 shares of the company’s stock after buying an additional 15,228 shares during the period. TD Asset Management Inc.’s holdings in Pearson PLC were worth $1,744,000 as of its most recent filing with the SEC.
Pearson plc (Pearson) is an international education and media company. The Company has operations in the education, business information and consumer publishing markets. The Company operates through three segments: North America, Core and Growth. The North American business serves educators and students in the United States and Canada from early education through elementary, middle and high schools and into higher education with a range of products and services, such as courseware, assessments and services.
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