Tarena International Inc (TEDU) Sees Large Volume Increase
Tarena International Inc (NASDAQ:TEDU) saw an uptick in trading volume on Monday . 192,641 shares traded hands during trading, an increase of 38% from the previous session’s volume of 139,211 shares.The stock last traded at $11.47 and had previously closed at $11.50.
A number of research firms recently commented on TEDU. Jefferies Group began coverage on shares of Tarena International in a research report on Saturday, July 9th. They set a “buy” rating for the company. Brean Capital reissued a “buy” rating and set a $16.00 target price on shares of Tarena International in a research report on Tuesday, May 24th. Finally, Zacks Investment Research cut shares of Tarena International from a “hold” rating to a “sell” rating in a research report on Thursday, May 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. Tarena International has an average rating of “Buy” and a consensus price target of $13.83.
The company has a market cap of $625.89 million and a price-to-earnings ratio of 24.66. The stock’s 50-day moving average price is $10.68 and its 200 day moving average price is $10.38.
Tarena International (NASDAQ:TEDU) last announced its quarterly earnings results on Monday, May 23rd. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.06. The company had revenue of $41.30 million for the quarter, compared to analyst estimates of $39.18 million. During the same quarter in the prior year, the business earned ($0.03) earnings per share. Tarena International’s revenue was up 46.5% on a year-over-year basis. Equities research analysts expect that Tarena International Inc will post $0.74 earnings per share for the current fiscal year.
Tarena International Inc (Tarena International) is a provider of professional education services in China. Tarena International offers courses in nine IT subjects and three non-IT subjects. It has an education platform combining live distance instruction, classroom-based tutoring and online learning modules.
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