Tarena International Inc(ADR) Sees Large Volume Increase Following Strong Earnings (TEDU)
Shares of Tarena International Inc(ADR) (NASDAQ:TEDU) saw unusually-high trading volume on Wednesday following a better than expected earnings announcement, StockRatingsNetwork.com reports. Approximately 1,301,083 shares traded hands during mid-day trading, an increase of 147% from the previous session’s volume of 526,136 shares.The stock last traded at $14.17 and had previously closed at $14.96.
The company reported $0.12 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.07 by $0.05. The company had revenue of $31.90 million for the quarter, compared to the consensus estimate of $31.27 million. Tarena International Inc(ADR)’s revenue was up 53.3% compared to the same quarter last year.
The stock’s 50-day moving average is $12.72 and its 200-day moving average is $10.50. The company’s market cap is $177.3 million.
Tarena International Inc is a provider of professional education services in China. The Company offers courses in nine IT subjects, as well as two non-IT subjects.
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