Bloomsbury Publishing (LON:BMY) Trading Down 19.5% - Here's What Happened

Bloomsbury Publishing Plc (LON:BMY - Get Free Report)'s stock price dropped 19.5% during mid-day trading on Friday . The company traded as low as GBX 522 ($7.05) and last traded at GBX 524 ($7.08). Approximately 2,397,773 shares changed hands during trading, an increase of 712% from the average daily volume of 295,242 shares. The stock had previously closed at GBX 651 ($8.80).

Bloomsbury Publishing Stock Performance

The stock has a market cap of £426.06 million, a PE ratio of 11.30 and a beta of 0.66. The company has a fifty day moving average price of GBX 584.48 and a 200 day moving average price of GBX 625.33. The company has a quick ratio of 1.04, a current ratio of 1.52 and a debt-to-equity ratio of 15.10.

Bloomsbury Publishing (LON:BMY - Get Free Report) last posted its earnings results on Thursday, May 22nd. The company reported GBX 42.03 ($0.57) earnings per share for the quarter. Bloomsbury Publishing had a net margin of 9.77% and a return on equity of 18.62%. Analysts expect that Bloomsbury Publishing Plc will post 2529.9999179 earnings per share for the current year.

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.