Skillsoft (NYSE:SKIL) Posts Quarterly Earnings Results, Beats Expectations By $2.94 EPS

Skillsoft (NYSE:SKIL) released its earnings results on Monday. The company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($2.05) by $2.94, Zacks reports. Skillsoft had a negative net margin of 62.85% and a negative return on equity of 53.74%.

Skillsoft Stock Performance

SKIL traded up $0.50 on Monday, reaching $17.59. The company had a trading volume of 28,870 shares, compared to its average volume of 57,724. The stock has a 50-day moving average price of $22.74 and a 200-day moving average price of $20.85. The stock has a market capitalization of $145.72 million, a PE ratio of -0.42 and a beta of 1.48. Skillsoft has a 1 year low of $5.09 and a 1 year high of $34.43. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 4.77.

Institutional Trading of Skillsoft

A hedge fund recently raised its stake in Skillsoft stock. Bank of America Corp DE raised its position in Skillsoft Corp. (NYSE:SKIL) by 330.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,750 shares of the company’s stock after buying an additional 1,343 shares during the quarter. Bank of America Corp DE’s holdings in Skillsoft were worth $42,000 as of its most recent filing with the SEC. 87.00% of the stock is owned by hedge funds and other institutional investors.

Skillsoft Company Profile

Skillsoft Corp. provides content and platform and instructor-led training services in the United States and internationally. The company's Content & Platform segment engages in the sale, marketing, and delivery of its content learning solutions in areas, such as leadership and business, technology and developer, and compliance comprising individualized coaching, as well as technical skill areas.