Pearson (NYSE:PSO) Hits New 1-Year Low at $9.69

Pearson PLC (NYSE:PSO) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as $9.69 and last traded at $9.71, with a volume of 34012 shares traded. The stock had previously closed at $9.82.

Several research analysts recently commented on the stock. Citigroup upgraded shares of Pearson from a “neutral” rating to a “buy” rating in a report on Monday, July 29th. Zacks Investment Research upgraded shares of Pearson from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a report on Tuesday.

The stock has a market cap of $7.67 billion, a PE ratio of 10.33 and a beta of 0.08. The company has a current ratio of 1.95, a quick ratio of 1.80 and a debt-to-equity ratio of 0.44. The stock has a fifty day simple moving average of $10.52.

Several large investors have recently bought and sold shares of the company. Parametric Portfolio Associates LLC increased its holdings in shares of Pearson by 10.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,278,370 shares of the company’s stock worth $13,244,000 after purchasing an additional 123,120 shares during the period. Northern Trust Corp increased its holdings in shares of Pearson by 7.7% during the 2nd quarter. Northern Trust Corp now owns 813,537 shares of the company’s stock worth $8,429,000 after purchasing an additional 58,245 shares during the period. Deutsche Bank AG increased its holdings in shares of Pearson by 8.0% during the 4th quarter. Deutsche Bank AG now owns 559,978 shares of the company’s stock worth $6,686,000 after purchasing an additional 41,486 shares during the period. US Bancorp DE increased its holdings in shares of Pearson by 28.3% during the 1st quarter. US Bancorp DE now owns 457,624 shares of the company’s stock worth $5,025,000 after purchasing an additional 100,955 shares during the period. Finally, Renaissance Technologies LLC increased its stake in Pearson by 5.7% in the second quarter. Renaissance Technologies LLC now owns 393,900 shares of the company’s stock valued at $4,081,000 after acquiring an additional 21,300 shares during the period. Institutional investors own 1.29% of the company’s stock.

About Pearson (NYSE:PSO)

Pearson plc provides educational products and services to institutions, governments, professional bodies, and individual learners worldwide. The company operates through three segments: North America, Core, and Growth. It offers courseware services, including curriculum materials provided in book form and/or via access to digital content; and assessments, such as test development, processing, and scoring services.

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