Tarena International Inc (TEDU) Shares Down 4%
Tarena International Inc (NASDAQ:TEDU)’s share price fell 4% during trading on Wednesday . The stock traded as low as $12.54 and last traded at $13.00, with a volume of 578,207 shares changing hands. The stock had previously closed at $13.54.
Several research firms recently commented on TEDU. Zacks Investment Research upgraded Tarena International from a “sell” rating to a “hold” rating in a research note on Saturday. TheStreet upgraded Tarena International from a “hold” rating to a “buy” rating in a research note on Monday, August 15th. Jefferies Group reiterated a “buy” rating and issued a $13.40 price objective on shares of Tarena International in a research note on Tuesday, August 16th. Finally, Brean Capital reiterated a “buy” rating and issued a $16.00 price objective on shares of Tarena International in a research note on Tuesday, May 24th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $13.63.
The company’s 50-day moving average is $11.76 and its 200-day moving average is $10.85. The stock has a market cap of $731.77 million and a price-to-earnings ratio of 24.86.
Tarena International (NASDAQ:TEDU) last issued its quarterly earnings data on Monday, August 15th. The company reported $0.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.03. The company earned $55.90 million during the quarter, compared to analysts’ expectations of $54.66 million. Analysts expect that Tarena International Inc will post $0.77 EPS for the current year.
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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