John Wiley & Sons (NYSE:WLYB) Shares Gap Down – Here’s Why

John Wiley & Sons, Inc. (NYSE:WLYB)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $41.92, but opened at $39.95. John Wiley & Sons shares last traded at $40.21, with a volume of 2,240 shares changing hands.

John Wiley & Sons Price Performance

The firm has a market capitalization of $2.10 billion, a P/E ratio of -42.89 and a beta of 0.68. The stock’s 50 day simple moving average is $42.20 and its 200 day simple moving average is $45.64. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.61 and a current ratio of 0.66.

John Wiley & Sons Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Tuesday, April 8th will be paid a $0.3525 dividend. The ex-dividend date is Tuesday, April 8th. This represents a $1.41 annualized dividend and a yield of 3.61%. John Wiley & Sons’s dividend payout ratio (DPR) is currently 190.54%.

John Wiley & Sons Company Profile

John Wiley & Sons, Inc engages in the provision of research and learning materials. It operates through the following segments: Research, Learning, and Held for Sale or Sold. The Research segment consists of research publishing and research solutions. The Learning segment includes academic and professional reporting lines and consists of publishing and related knowledge solutions.