Franklin Covey (NYSE:FC) Stock Crosses Above Two Hundred Day Moving Average - Time to Sell?

Franklin Covey Company (NYSE:FC - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $17.50 and traded as high as $23.05. Franklin Covey shares last traded at $22.6180, with a volume of 120,693 shares traded.

Wall Street Analysts Forecast Growth

FC has been the topic of several analyst reports. Weiss Ratings reissued a "sell (d)" rating on shares of Franklin Covey in a research report on Friday, April 10th. Barrington Research restated an "outperform" rating and issued a $25.00 price objective on shares of Franklin Covey in a research note on Thursday, April 2nd. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $26.00.

Franklin Covey Price Performance

The stock's fifty day simple moving average is $17.66 and its 200-day simple moving average is $17.50. The company has a market capitalization of $254.90 million, a P/E ratio of -107.70, a PEG ratio of 1.41 and a beta of 0.78.

Franklin Covey (NYSE:FC - Get Free Report) last released its quarterly earnings results on Wednesday, April 1st. The business services provider reported ($0.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by ($0.06). Franklin Covey had a negative net margin of 0.88% and a positive return on equity of 12.79%. The firm had revenue of $59.65 million for the quarter, compared to the consensus estimate of $58.71 million. On average, research analysts predict that Franklin Covey Company will post 0.8 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. SummerHaven Investment Management LLC acquired a new position in shares of Franklin Covey during the third quarter valued at about $792,000. SG Americas Securities LLC raised its position in shares of Franklin Covey by 74.8% during the third quarter. SG Americas Securities LLC now owns 12,309 shares of the business services provider's stock valued at $239,000 after buying an additional 5,266 shares during the last quarter. CWM LLC raised its position in shares of Franklin Covey by 81.8% during the third quarter. CWM LLC now owns 1,983 shares of the business services provider's stock valued at $38,000 after buying an additional 892 shares during the last quarter. Quarry LP acquired a new position in shares of Franklin Covey during the third quarter valued at about $74,000. Finally, Amundi acquired a new position in shares of Franklin Covey during the first quarter valued at about $58,000. Institutional investors and hedge funds own 69.88% of the company's stock.

Franklin Covey Company Profile

Franklin Covey Co NYSE: FC is a global consulting and training firm specializing in performance improvement solutions for individuals and organizations. The company offers a range of services, including leadership development, productivity tools, execution frameworks and assessments designed to foster personal effectiveness and drive business results. Its flagship offerings integrate training workshops, digital resources and coaching to support clients in areas such as strategic planning, team productivity and change management.

The origins of Franklin Covey trace back to the merger in 1997 of Franklin Quest Co, founded in 1983 by Hyrum W.

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