Bloomsbury Publishing (LON:BMY) Shares Down 19.5% - Here's Why

Bloomsbury Publishing Plc (LON:BMY - Get Free Report) shares were down 19.5% on Friday . The stock traded as low as GBX 522 ($7.05) and last traded at GBX 524 ($7.08). Approximately 2,397,773 shares changed hands during mid-day 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 Trading Up 2.2%

The company's 50 day simple moving average is GBX 584.48 and its two-hundred day simple moving average is GBX 625.33. The company has a market capitalization of £409.14 million, a price-to-earnings ratio of 10.85 and a beta of 0.66. 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 issued its earnings results on Thursday, May 22nd. The company reported GBX 42.03 ($0.57) earnings per share (EPS) for the quarter. Bloomsbury Publishing had a net margin of 9.77% and a return on equity of 18.62%. As a group, research analysts anticipate that Bloomsbury Publishing Plc will post 2529.9999179 earnings per share for the current fiscal year.

About Bloomsbury Publishing

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.