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Navitas Limited (ASX:NVT) was downgraded by Deutsche Bank to a “hold” rating in a research note issued on Tuesday. They currently have a $5.10 price objective on the stock.

Shares of Navitas Limited (ASX:NVT) traded up 2.34% during mid-day trading on Tuesday, hitting A$4.810. 1,221,085 shares of the company’s stock traded hands. Navitas Limited has a 52-week low of A$4.430 and a 52-week high of A$7.880. The stock’s 50-day moving average is A$6.35 and its 200-day moving average is A$6.95. The company has a market cap of A$1.808 billion and a price-to-earnings ratio of 23.27.

Navitas Limited is engaged in the provision of educational services to domestic and overseas students.

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