Pearson (LON:PSON) Shares Cross Above 200 Day Moving Average – Time to Sell?

Pearson plc (LON:PSONGet Free Report)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,175.46 ($14.91) and traded as high as GBX 1,334.50 ($16.92). Pearson shares last traded at GBX 1,317 ($16.70), with a volume of 2,017,694 shares trading hands.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. boosted their price target on shares of Pearson from GBX 1,400 ($17.76) to GBX 1,450 ($18.39) and gave the company an “overweight” rating in a research report on Tuesday, January 14th.

Check Out Our Latest Report on Pearson

Pearson Stock Performance

The stock has a market capitalization of £8.93 billion, a price-to-earnings ratio of 25.64, a price-to-earnings-growth ratio of 0.83 and a beta of 0.31. The company has a quick ratio of 1.07, a current ratio of 1.78 and a debt-to-equity ratio of 42.49. The stock’s 50-day simple moving average is GBX 1,308.31 and its 200 day simple moving average is GBX 1,175.46.

Insider Buying and Selling at Pearson

In other news, insider Sherry Coutu purchased 731 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were acquired at an average price of GBX 1,282 ($16.26) per share, with a total value of £9,371.42 ($11,885.12). Also, insider Omar Abbosh sold 77,989 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of GBX 1,296 ($16.44), for a total value of £1,010,737.44 ($1,281,848.37). Company insiders own 0.35% of the company’s stock.

Pearson Company Profile

(Get Free Report)

At Pearson, our purpose is simple: to add life to a lifetime of learning. We believe that every learning opportunity is a chance for a personal breakthrough. That’s why our c.20,000 Pearson employees are committed to creating vibrant and enriching learning experiences designed for real-life impact. We are the world’s leading learning company, serving customers in c.200 countries with digital content, assessments, qualifications, and data.

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