Pearson (NYSE:PSO) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Pearson plc (NYSE:PSO) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $14.15 and traded as high as $16.14. Pearson shares last traded at $16.01, with a volume of 471,738 shares traded.

Analyst Ratings Changes

Separately, StockNews.com downgraded Pearson from a “buy” rating to a “hold” rating in a research report on Friday, November 15th.

Pearson Trading Up 0.3 %

The company has a current ratio of 1.78, a quick ratio of 1.72 and a debt-to-equity ratio of 0.34. The stock has a market cap of $10.67 billion, a P/E ratio of 18.19, a price-to-earnings-growth ratio of 2.75 and a beta of 0.41. The business’s fifty day simple moving average is $15.61 and its 200 day simple moving average is $14.15.

Institutional Trading of Pearson

Several hedge funds have recently modified their holdings of the stock. Rhumbline Advisers lifted its holdings in Pearson by 12.5% during the 2nd quarter. Rhumbline Advisers now owns 11,518 shares of the company’s stock worth $144,000 after buying an additional 1,281 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Pearson by 86.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,145 shares of the company’s stock worth $43,000 after acquiring an additional 1,462 shares during the last quarter. Versant Capital Management Inc acquired a new position in shares of Pearson during the fourth quarter valued at $26,000. Signaturefd LLC boosted its holdings in Pearson by 12.9% in the third quarter. Signaturefd LLC now owns 16,934 shares of the company’s stock valued at $230,000 after acquiring an additional 1,939 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in Pearson by 86.6% in the second quarter. EverSource Wealth Advisors LLC now owns 4,517 shares of the company’s stock worth $61,000 after purchasing an additional 2,096 shares during the period. 2.14% of the stock is owned by institutional investors.

Pearson Company Profile

Pearson plc offers educational courseware, assessments, and services in the United Kingdom, the United States, Canada, the Asia Pacific, other European countries, and internationally. The company operates through five segments: Assessment & Qualifications, Virtual Learning, English Language Learning, Workforce Skills, and Higher Education.