Tarena International Inc (TEDU) Trading 4.9% Higher
Tarena International Inc (NASDAQ:TEDU) traded up 4.9% during mid-day trading on Wednesday . The stock traded as high as $11.54 and last traded at $11.49, with a volume of 226,539 shares changing hands. The stock had previously closed at $10.95.
Several equities research analysts have recently issued reports on the stock. Jefferies Group assumed coverage on shares of Tarena International in a research report on Saturday, July 9th. They set a “buy” rating on the stock. Zacks Investment Research cut shares of Tarena International from a “hold” rating to a “sell” rating in a research report on Thursday, May 5th. Finally, Brean Capital reiterated a “buy” rating and set a $16.00 price objective on shares of Tarena International in a research report on Tuesday, May 24th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $13.83.
The firm has a market cap of $623.71 million and a P/E ratio of 24.57. The firm has a 50 day moving average of $10.42 and a 200 day moving average of $10.27.
Tarena International (NASDAQ:TEDU) last issued its quarterly earnings results on Monday, May 23rd. The company reported $0.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.06. The business earned $41.30 million during the quarter, compared to analyst estimates of $39.18 million. Tarena International’s quarterly revenue was up 46.5% compared to the same quarter last year. During the same quarter last year, the company posted ($0.03) EPS. On average, equities analysts forecast that Tarena International Inc will post $0.74 EPS 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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