Cambium Learning Group Inc. (ABCD) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the services sector during morning trading on September 22. At the lunch break, shares of ABCD have tacked on 6.13% to $5.71 after closing the day prior at $5.38. In the first two and a half hours of trading, the stock has gone as high as $5.71 and as low as $5.45. Today’s rise has come with about 16,987 shares changing hands, compared to an average 30-day volume of 41,011 for Cambium Learning Group Inc.. The price is currently below the 30-day volume weighted average price of $5.65 for ABCD.
The share appreciation gives the company a market capitalization of $246.53 million based upon 45.82 million shares outstanding. It also means that ABCD has a price-to-book ratio of 1.0:1.
In the past 52 weeks, shares of ABCD have traded as low as $3.43 and as high as $5.97. Technical traders will take note that at $5.71, shares of ABCD are trading above their 200-day MA at $4.6 and above their 50-day MA at $4.91. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is ABCD?
Cambium Learning Group Inc is a provider of proprietary intervention curriculum, educational technologies, professional services and other research-based education solutions for students. The company’s 585 employees are led by CEO John Campbell from the corporate headquarters at 17855 Dallas Parkway in Dallas, TX.
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