Benzinga | Oct 5, 2020 10:37AM EDT

Why Houghton Mifflin Harcourt's Stock Is Trading Lower Today

Houghton Mifflin Harcourt (NASDAQ:HMHC) shares are trading lower on Monday despite Citigroup upgrading the stock from Sell to Neutral and announced a price target of $2.50 per share.

Houghton Mifflin Harcourt is a learning company committed to delivering integrated solutions that engage learners, empower educators and improve student outcomes. The company operates in two segments, Education and HMH Books & Media.

Houghton Mifflin Harcourt shares traded down 5.82% to $2.34 on Monday. The stock has a 52-week high of $6.85 and a 52-week low of $1.03.