Bloomsbury Publishing (LON:BMY) Hits New 12-Month Low - Here's What Happened

Key Points

• Bloomsbury Publishing's share price reached a new 52-week low at GBX 469 ($6.30), with the stock last trading at GBX 481 ($6.46).
• Berenberg Bank has reissued a "buy" rating on the stock with a price target of GBX 825 ($11.09), suggesting potential for recovery.
• The company reported an earnings per share (EPS) of GBX 42.03 ($0.56) in its last earnings announcement, with forecasts predicting EPS of approximately 2529.9999179 for the current year.

Bloomsbury Publishing Plc (LON:BMY - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 469 ($6.20) and last traded at GBX 481 ($6.35), with a volume of 907252 shares changing hands. The stock had previously closed at GBX 491.50 ($6.49).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a "buy" rating and set a GBX 825 ($10.90) target price on shares of Bloomsbury Publishing in a research note on Wednesday, July 16th.

Bloomsbury Publishing Stock Down 0.2%

The firm has a market cap of £386.72 million, a P/E ratio of 10.25 and a beta of 0.66. The business's fifty day moving average price is GBX 506.01 and its two-hundred day moving average price is GBX 574.04. The company has a current ratio of 1.52, a quick ratio of 1.04 and a debt-to-equity ratio of 15.10.

Bloomsbury Publishing (LON:BMY - Get Free Report) last released its quarterly earnings results on Thursday, May 22nd. The company reported GBX 42.03 ($0.56) earnings per share for the quarter. Bloomsbury Publishing had a net margin of 9.77% and a return on equity of 18.62%. As a group, equities research analysts anticipate that Bloomsbury Publishing Plc will post 2529.9999179 EPS for the current year.

Insider Transactions at Bloomsbury Publishing

In related news, insider Leslie-Ann Reed purchased 16,938 shares of the firm's stock in a transaction on Thursday, July 31st. The shares were bought at an average cost of GBX 472 ($6.24) per share, for a total transaction of £79,947.36 ($105,610.78). 8.26% of the stock is owned by corporate insiders.

Bloomsbury Publishing Company Profile

Bloomsbury Publishing Plc publishes academic, educational, and general fiction and non-fiction books for children, teachers, students, researchers, and professionals worldwide. The company offers books and digital resources to international research community and higher education students; online law, accounting, and tax services for the United Kingdom and professionals; and publishing services for corporations and institutions.