Tarena International Inc (TEDU) Sets New 1-Year High at $14.65
Tarena International Inc (NASDAQ:TEDU)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $14.65 and last traded at $14.59, with a volume of 228,652 shares. The stock had previously closed at $14.31.
Several brokerages have issued reports on TEDU. Jefferies Group reaffirmed a “buy” rating and set a $13.40 price objective on shares of Tarena International in a report on Tuesday, August 16th. Zacks Investment Research lowered Tarena International from a “hold” rating to a “sell” rating in a report on Saturday, September 3rd. TheStreet lowered Tarena International from a “buy” rating to a “hold” rating in a report on Monday. Finally, Brean Capital reaffirmed a “buy” rating and set a $16.00 price objective on shares of Tarena International in a report on Tuesday, May 24th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $14.23.
The company has a 50 day moving average of $12.82 and a 200-day moving average of $11.17. The company has a market capitalization of $815.00 million, a price-to-earnings ratio of 27.69 and a beta of 1.41.
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Tarena International (NASDAQ:TEDU) last posted its quarterly earnings results on Monday, August 15th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.03. The firm had revenue of $55.90 million for the quarter, compared to analyst estimates of $54.66 million. On average, equities analysts forecast that Tarena International Inc will post $0.77 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Sensato Investors LLC bought a new position in shares of Tarena International during the first quarter worth approximately $172,000. BlackRock Group LTD increased its position in shares of Tarena International by 15.3% in the first quarter. BlackRock Group LTD now owns 11,065 shares of the company’s stock worth $120,000 after buying an additional 1,467 shares during the last quarter. BlackRock Inc. increased its position in shares of Tarena International by 289.1% in the first quarter. BlackRock Inc. now owns 12,086 shares of the company’s stock worth $131,000 after buying an additional 8,980 shares during the last quarter. Geode Capital Management LLC bought a new position in shares of Tarena International during the first quarter worth approximately $134,000. Finally, State Street Corp increased its position in shares of Tarena International by 79.4% in the first quarter. State Street Corp now owns 27,800 shares of the company’s stock worth $301,000 after buying an additional 12,300 shares during the last quarter.
About Tarena International
Tarena International, Inc (Tarena International) is a holding company. The Company, through its subsidiaries, provides professional education services, including professional information technology (IT) training courses and non-IT training courses across the People’s Republic of China (PRC). It operates through training segment.
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