Xueda Education Reaches New 12-Month Low Following Weak Earnings (XUE)
Xueda Education (NYSE:XUE)’s share price reached a new 52-week low during mid-day trading on Tuesday after the company announced weaker than expected quarterly earnings, ARN reports. The company traded as low as $3.58 and last traded at $3.89, with a volume of 267,974 shares changing hands. The stock had previously closed at $4.63.
The company reported $0.27 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.29 by $0.02. The company had revenue of $120.80 million for the quarter. During the same quarter last year, the company posted $0.26 earnings per share.
The stock’s 50-day moving average is $4.41 and its 200-day moving average is $5.08. The company has a market cap of $260.2 million and a price-to-earnings ratio of 21.14.
Xueda Education Group, incorporated on April 24, 2009, is a holding company. Through its subsidiaries, it is engaged in providing tutoring services for primary and secondary school students in China with a focus on offering personalized tutoring services.
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