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

Pearson plc (LON:PSON)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 traded.

Wall Street Analysts Forecast Growth

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

Pearson Stock Performance

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 firm has a market capitalization of £8.93 billion, a P/E ratio of 25.64, a P/E/G ratio of 0.83 and a beta of 0.31. The stock has a fifty day moving average of GBX 1,308.31 and a 200-day moving average of GBX 1,175.46.

Insider Buying and Selling

In other Pearson news, insider Omar Abbosh sold 77,989 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of GBX 1,296 ($16.44), for a total value of £1,010,737.44 ($1,281,848.37). Also, insider Sherry Coutu purchased 731 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was bought at an average price of GBX 1,282 ($16.26) per share, with a total value of £9,371.42 ($11,885.12). 0.35% of the stock is owned by corporate insiders.

About Pearson

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.