Zacks Investment Research upgraded shares of OneSmart International Edun Gr (NYSE:ONE) from a sell rating to a hold rating in a report issued on Friday morning.

According to Zacks, “OneSmart International Education Group Limited offers education services. The School provides K-12 after-school education services. It also offers one to one education, examination question analysis, mistakes settlement, tutoring, culture programs and other services. OneSmart International Education Group Limited is based in China. “

A number of other brokerages have also recently commented on ONE. Morgan Stanley cut shares of OneSmart International Edun Gr from an overweight rating to an equal weight rating in a research note on Friday, June 29th. Deutsche Bank cut shares of OneSmart International Edun Gr from a buy rating to a hold rating and increased their price target for the company from $12.60 to $15.60 in a research note on Tuesday, July 24th.

ONE stock traded down $0.78 during trading hours on Friday, reaching $8.71. The stock had a trading volume of 133,517 shares, compared to its average volume of 199,292. OneSmart International Edun Gr has a fifty-two week low of $7.53 and a fifty-two week high of $16.00.

OneSmart International Edun Gr (NYSE:ONE) last announced its quarterly earnings results on Tuesday, July 31st. The business services provider reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.07). The business had revenue of $128.63 million for the quarter. equities research analysts predict that OneSmart International Edun Gr will post 0.35 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the business. Point72 Asia Hong Kong Ltd acquired a new stake in OneSmart International Edun Gr in the first quarter valued at $109,000. Russell Investments Group Ltd. acquired a new stake in shares of OneSmart International Edun Gr during the 2nd quarter worth about $129,000. Sensato Investors LLC acquired a new stake in shares of OneSmart International Edun Gr during the 2nd quarter worth about $129,000. Hikari Power Ltd acquired a new stake in shares of OneSmart International Edun Gr during the 2nd quarter worth about $266,000. Finally, Engineers Gate Manager LP acquired a new stake in shares of OneSmart International Edun Gr during the 2nd quarter worth about $378,000. Hedge funds and other institutional investors own 20.04% of the company’s stock.

OneSmart International Edun Gr Company Profile

OneSmart International Education Group Limited provides tutoring services for kindergarten and primary, middle, and high schools in the People's Republic of China. It offers young children services, including Chinese language and computer programming under the HappyMath brand; and English tutoring services focusing on early childhood under the brand FasTrack English brand.

Further Reading: Price to Earnings Ratio (PE)

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