Pearson (LON:PSON) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Pearson plc (LON:PSON)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,056.41 and traded as high as GBX 1,060.50. Pearson shares last traded at GBX 1,057.50, with a volume of 3,017,713 shares changing hands.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Pearson in a research note on Wednesday, October 15th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 1,295.

Pearson Trading Down 0.0%

The firm has a market cap of £6.72 billion, a P/E ratio of 16.22, a P/E/G ratio of 0.83 and a beta of 0.31. The stock has a 50 day simple moving average of GBX 1,037.48 and a 200-day simple moving average of GBX 1,056.15. The company has a current ratio of 1.78, a quick ratio of 1.07 and a debt-to-equity ratio of 42.49.

Insiders Place Their Bets

In other Pearson news, insider Annette Thomas purchased 391 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The shares were bought at an average price of GBX 991 per share, with a total value of £3,874.81. Corporate insiders own 0.72% of the company’s stock.

Pearson Company Profile

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.17,000 Pearson employees are committed to creating vibrant and enriching learning experiences designed for real-life impact. We serve customers in over 40 countries, supporting lifelong learning through world-class assessments and learning experiences, and trusted certifications and credentialing. For us, learning isn’t just what we do.