Pearson (NYSE:PSO) Reaches New 52-Week High – Should You Buy?

Pearson plc (NYSE:PSO) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $17.11 and last traded at $16.94, with a volume of 101 shares trading hands. The stock had previously closed at $16.94.

Wall Street Analyst Weigh In

PSO has been the topic of a number of research analyst reports. The Goldman Sachs Group raised shares of Pearson to a “strong-buy” rating in a research report on Thursday, January 30th. StockNews.com downgraded shares of Pearson from a “buy” rating to a “hold” rating in a research report on Friday, November 15th.

Pearson Stock Up 0.4 %

The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.72. The company’s 50-day simple moving average is $16.23 and its 200 day simple moving average is $14.90.

Institutional Trading of Pearson

Several large investors have recently added to or reduced their stakes in PSO. Versant Capital Management Inc acquired a new position in Pearson during the 4th quarter valued at $26,000. SBI Securities Co. Ltd. acquired a new position in Pearson during the 4th quarter valued at $27,000. Allspring Global Investments Holdings LLC raised its stake in Pearson by 86.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,145 shares of the company’s stock valued at $43,000 after purchasing an additional 1,462 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Pearson during the 3rd quarter valued at $47,000. Finally, Smartleaf Asset Management LLC raised its stake in Pearson by 228.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,044 shares of the company’s stock valued at $65,000 after purchasing an additional 2,811 shares during the last quarter. 2.14% of the stock is owned by institutional investors.

Pearson Company Profile

Pearson plc offers educational courseware, assessments, and services in the United Kingdom, the United States, Canada, the Asia Pacific, other European countries, and internationally. The company operates through five segments: Assessment & Qualifications, Virtual Learning, English Language Learning, Workforce Skills, and Higher Education.