Pearson PLC (PSO) Sees Unusually-High Trading Volume
Pearson PLC (NYSE:PSO) shares saw an uptick in trading volume on Friday . 300,571 shares changed hands during mid-day trading, a decline of 4% from the previous session’s volume of 312,087 shares.The stock last traded at $11.64 and had previously closed at $11.40.
A number of brokerages have commented on PSO. Beaufort Securities reiterated a “buy” rating on shares of Pearson PLC in a report on Thursday, May 5th. Jefferies Group reiterated a “buy” rating on shares of Pearson PLC in a report on Wednesday, May 25th. Morgan Stanley upgraded shares of Pearson PLC from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 12th. Societe Generale lowered shares of Pearson PLC from a “buy” rating to a “hold” rating in a report on Thursday, July 7th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Pearson PLC in a report on Tuesday, June 21st. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. Pearson PLC presently has an average rating of “Hold”.
The firm has a market capitalization of $9.51 billion and a price-to-earnings ratio of 10.69. The firm’s 50 day moving average price is $11.84 and its 200 day moving average price is $12.01.
The firm also recently declared a dividend, which will be paid on Wednesday, September 21st. Stockholders of record on Friday, August 19th will be paid a dividend of $0.238 per share. The ex-dividend date of this dividend is Wednesday, August 17th.
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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