Skillsoft (NYSE:SKIL) Announces Earnings Results

Skillsoft (NYSE:SKIL) posted its quarterly earnings results on Monday. The company reported $0.89 earnings per share 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 Price Performance

SKIL stock traded up $0.50 during trading on Monday, reaching $17.59. 28,870 shares of the company were exchanged, compared to its average volume of 57,724. Skillsoft has a 52-week low of $5.09 and a 52-week high of $34.43. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market cap of $145.72 million, a P/E ratio of -0.42 and a beta of 1.48. The stock’s 50 day moving average price is $22.74 and its 200 day moving average price is $20.85.

Institutional Investors Weigh In On Skillsoft

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

About Skillsoft

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.