Shares of Tarena International Inc (NASDAQ:TEDU) hit a new 52-week high and low during mid-day trading on Friday . The company traded as low as $9.53 and last traded at $9.58, with a volume of 6457 shares. The stock had previously closed at $9.85.
TEDU has been the topic of a number of recent research reports. Zacks Investment Research raised Tarena International from a “sell” rating to a “hold” rating in a report on Wednesday, January 24th. BidaskClub cut Tarena International from a “hold” rating to a “sell” rating in a report on Thursday, January 25th. Jefferies Group reaffirmed a “hold” rating and issued a $12.35 price target on shares of Tarena International in a report on Wednesday, March 7th. TheStreet cut Tarena International from a “b-” rating to a “c+” rating in a report on Wednesday, April 11th. Finally, Nomura lowered their price target on Tarena International from $17.50 to $13.50 and set a “neutral” rating on the stock in a report on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The company currently has an average rating of “Hold” and an average target price of $16.21.
The firm has a market cap of $538.54 million, a price-to-earnings ratio of 20.83, a PEG ratio of 0.95 and a beta of 0.91.
Tarena International (NASDAQ:TEDU) last released its quarterly earnings results on Monday, March 5th. The business services provider reported $0.19 earnings per share for the quarter. Tarena International had a return on equity of 11.79% and a net margin of 9.47%. The firm had revenue of $93.28 million for the quarter. sell-side analysts forecast that Tarena International Inc will post 0.48 EPS for the current year.
The firm also recently declared a None dividend, which will be paid on Saturday, June 9th. Shareholders of record on Thursday, April 5th will be issued a $0.12 dividend. The ex-dividend date is Wednesday, April 4th. Tarena International’s payout ratio is currently 30.43%.
Several large investors have recently added to or reduced their stakes in the business. Millennium Management LLC purchased a new stake in shares of Tarena International in the 1st quarter valued at about $4,373,000. BB&T Securities LLC raised its holdings in shares of Tarena International by 105.1% in the 1st quarter. BB&T Securities LLC now owns 33,390 shares of the business services provider’s stock valued at $374,000 after acquiring an additional 17,114 shares in the last quarter. Citadel Advisors LLC purchased a new position in shares of Tarena International during the 1st quarter valued at about $608,000. Schroder Investment Management Group raised its holdings in shares of Tarena International by 8.1% during the 1st quarter. Schroder Investment Management Group now owns 1,862,993 shares of the business services provider’s stock valued at $20,903,000 after buying an additional 139,298 shares in the last quarter. Finally, JPMorgan Chase & Co. purchased a new position in shares of Tarena International during the 1st quarter valued at about $1,199,000. 37.34% of the stock is currently owned by hedge funds and other institutional investors.
About Tarena International
Tarena International, Inc, through its subsidiaries, provides professional education services through part-time and full-time classes in the People's Republic of China. It offers education courses in 12 information technology (IT) subjects, such as Java, .NET, C++, software testing, PHP, embedded, Android, iOS, Big Data, Web front-end development, Linux and network engineering, and VR/AR; and 3 non-IT subjects comprising digital art, online sales and marketing, and accounting through live distance instruction, classroom-based tutoring, and online learning modules.
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