Pearson (NYSE:PSO) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Pearson, PLC (NYSE:PSO)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.78 and traded as high as $14.95. Pearson shares last traded at $14.8860, with a volume of 1,017,825 shares traded.

Analysts Set New Price Targets

PSO has been the topic of a number of recent research reports. Wall Street Zen cut Pearson from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. Weiss Ratings upgraded shares of Pearson from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Pearson Price Performance

The company has a debt-to-equity ratio of 0.39, a current ratio of 2.00 and a quick ratio of 1.94. The firm has a fifty day simple moving average of $14.86 and a two-hundred day simple moving average of $13.78.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Optiver Holding B.V. bought a new position in shares of Pearson during the third quarter valued at approximately $10,104,000. Paradigm Asset Management Co. LLC bought a new stake in shares of Pearson in the 3rd quarter worth approximately $1,067,000. Hantz Financial Services Inc. boosted its position in shares of Pearson by 215.5% in the 4th quarter. Hantz Financial Services Inc. now owns 54,770 shares of the company’s stock worth $769,000 after purchasing an additional 37,413 shares in the last quarter. Abacus Wealth Partners LLC purchased a new stake in shares of Pearson in the 4th quarter worth approximately $1,034,000. Finally, Barometer Capital Management Inc. increased its position in Pearson by 545.3% during the 4th quarter. Barometer Capital Management Inc. now owns 64,600 shares of the company’s stock valued at $907,000 after buying an additional 54,589 shares in the last quarter. 2.14% of the stock is currently owned by institutional investors.

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.