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Bloomsbury Publishing (LON:BMY) Stock Price Up 6.2% - Here's Why

Bloomsbury Publishing logo with Communication Services background

Shares of Bloomsbury Publishing Plc (LON:BMY - Get Free Report) traded up 6.2% on Wednesday . The stock traded as high as GBX 520 ($6.98) and last traded at GBX 517 ($6.94). 1,107,069 shares were traded during mid-day trading, an increase of 228% from the average session volume of 337,992 shares. The stock had previously closed at GBX 487 ($6.54).

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 825 ($11.07) price target on shares of Bloomsbury Publishing in a research note on Wednesday.

Check Out Our Latest Analysis on BMY

Bloomsbury Publishing Stock Down 2.5%

The firm has a market cap of £415.57 million, a P/E ratio of 11.02 and a beta of 0.66. The firm's 50-day moving average price is GBX 527.79 and its 200 day moving average price is GBX 582.29. The company has a debt-to-equity ratio of 15.10, a current ratio of 1.52 and a quick ratio of 1.04.

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

About Bloomsbury Publishing

(Get Free Report)

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.

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