Tarena International Inc (NASDAQ:TEDU) shares were down 1% during mid-day trading on Friday . The company traded as low as $9.87 and last traded at $10.37, with a volume of 179,932 shares. The stock had previously closed at $10.47.

A number of research analysts have issued reports on TEDU shares. Brean Capital reaffirmed a “buy” rating and issued a $16.00 price target on shares of Tarena International in a report on Tuesday, May 24th. Zacks Investment Research cut shares of Tarena International from a “hold” rating to a “sell” rating in a report on Thursday, May 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. Tarena International has a consensus rating of “Buy” and an average price target of $13.83.

The stock’s 50-day moving average is $10.30 and its 200 day moving average is $10.25. The company has a market capitalization of $579.39 million and a price-to-earnings ratio of 22.82.

Tarena International (NASDAQ:TEDU) last posted its quarterly earnings results on Monday, May 23rd. The company reported $0.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.06. The business earned $41.30 million during the quarter, compared to analysts’ expectations of $39.18 million. During the same quarter in the previous year, the business posted ($0.03) EPS. The company’s quarterly revenue was up 46.5% on a year-over-year basis. On average, equities analysts expect that Tarena International Inc will post $0.75 earnings per share for the current year.

An institutional investor recently raised its position in Tarena International stock. Morgan Stanley raised its stake in shares of Tarena International Inc (NASDAQ:TEDU) by 4,778.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 195,238 shares of the company’s stock after buying an additional 191,236 shares during the period. Morgan Stanley owned 0.35% of Tarena International worth $2,039,000 as of its most recent SEC filing.

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.