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K12 (NYSE:LRN) saw unusually-strong trading volume on Friday after the company announced better than expected quarterly earnings, AmericanBankingNews.com reports. Approximately 577,606 shares changed hands during mid-day trading, an increase of 31% from the previous session’s volume of 440,752 shares.The stock last traded at $19.60 and had previously closed at $19.42.

The company reported $0.32 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.21 by $0.11. The company had revenue of $232.00 million for the quarter, compared to the consensus estimate of $221.04 million.

Several analysts have recently commented on the stock. Analysts at Wells Fargo & Co. downgraded shares of K12 from an “outperform” rating to a “market perform” rating in a research note on Friday. Analysts at Stifel Nicolaus downgraded shares of K12 from a “buy” rating to a “hold” rating in a research note on Tuesday, August 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. K12 presently has a consensus rating of “Hold” and a consensus price target of $31.50.

The stock has a 50-day moving average of $22.66 and a 200-day moving average of $22.61. The company has a market cap of $761.7 million and a P/E ratio of 79.92.

K12 Inc (NYSE:LRN) is a technology-based education company.

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