Houghton Mifflin Harcourt Company (HMHC) started the trading day on a down note, making it one of the worst performing stocks in the services sector of NYSE and NASDAQ listed companies shortly after the opening bell on September 23. Shares of HMHC have fallen 7.79% about 30 minutes into the session to $13.73 after closing the day prior at $14.89. It’s early, but the stock has traded as high as $14.37 and as low as $13.43 so far. Today’s quick decline has come with about 548,087 shares changing hands, compared to an average 30-day volume of 554,707 for Houghton Mifflin Harcourt Company. The price is currently below the 30-day volume weighted average price of $13.94 for HMHC.
The share depreciation gives the company a market capitalization of $1.82 billion based upon 122.28 million shares outstanding. It also means that HMHC has a price-to-book ratio of 1.89:1.
In the past 52 weeks, shares of HMHC have traded as low as $14.28 and as high as $22.07. Technical traders will take note that at $13.73, shares of HMHC are trading below their 200-day MA at $17.78 and below their 50-day MA at $15.8. 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 below them is typically regarded as bearish.
Who is HMHC?
The company’s employees are led by CEO from the corporate headquarters at in , .
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