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

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

Bloomsbury Publishing Trading Up 4.9%

The stock has a market cap of £419.54 million, a PE ratio of 11.12 and a beta of 0.66. The company has a 50 day moving average of GBX 584.48 and a two-hundred day moving average of GBX 625.33. The company has a debt-to-equity ratio of 15.10, a quick ratio of 1.04 and a current ratio of 1.52.

Bloomsbury Publishing (LON:BMY - Get Free Report) last issued its quarterly earnings data 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%. Sell-side analysts anticipate that Bloomsbury Publishing Plc will post 2529.9999179 earnings per share for the current fiscal 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.