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

Bloomsbury Publishing Plc (LON:BMY - Get Free Report)'s stock price fell 19.5% during mid-day trading on Friday . 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 Stock Performance

The company has a debt-to-equity ratio of 15.10, a quick ratio of 1.04 and a current ratio of 1.52. The firm has a 50 day moving average price of GBX 584.48 and a 200-day moving average price of GBX 625.33. The company has a market cap of £426.06 million, a P/E ratio of 11.30 and a beta of 0.66.

Bloomsbury Publishing (LON:BMY - Get Free Report) last released its quarterly earnings data on Thursday, May 22nd. The company reported GBX 42.03 ($0.57) EPS for the quarter. Bloomsbury Publishing had a net margin of 9.77% and a return on equity of 18.62%. On average, research analysts predict that Bloomsbury Publishing Plc will post 2529.9999179 EPS for the current 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.