Pearson (NYSE:PSO) Reaches New 12-Month Low at $8.14

Pearson PLC (NYSE:PSO)’s share price reached a new 52-week low on Tuesday . The stock traded as low as $8.14 and last traded at $8.17, with a volume of 45708 shares traded. The stock had previously closed at $8.27.

Several equities research analysts have commented on the stock. Deutsche Bank upgraded shares of Pearson from a “sell” rating to a “hold” rating in a research note on Monday, October 21st. Zacks Investment Research raised shares of Pearson from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, UBS Group upgraded Pearson from a “neutral” rating to a “buy” rating in a research note on Friday, September 13th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $10.95.

The stock has a fifty day moving average of $8.66 and a 200 day moving average of $9.78. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.95 and a quick ratio of 1.80. The firm has a market capitalization of $6.53 billion, a P/E ratio of 8.69 and a beta of 0.10.

A number of large investors have recently made changes to their positions in the business. Jane Street Group LLC bought a new position in shares of Pearson during the 2nd quarter valued at approximately $3,134,000. Millennium Management LLC bought a new stake in shares of Pearson in the 3rd quarter worth approximately $1,892,000. Parametric Portfolio Associates LLC lifted its stake in Pearson by 11.1% in the third quarter. Parametric Portfolio Associates LLC now owns 1,420,346 shares of the company’s stock valued at $12,840,000 after purchasing an additional 141,976 shares during the last quarter. Cowen Investment Management LLC purchased a new position in Pearson in the third quarter valued at approximately $904,000. Finally, Cowen Inc. purchased a new position in Pearson in the second quarter valued at approximately $1,036,000. Hedge funds and other institutional investors own 1.34% of the company’s stock.

Pearson Company Profile (NYSE:PSO)

Pearson plc provides educational products and services to institutions, governments, professional bodies, and individual learners worldwide. The company operates through three segments: North America, Core, and Growth. It offers courseware services, including curriculum materials provided in book form and/or via access to digital content; and assessments, such as test development, processing, and scoring services.

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