Tarena International Inc (TEDU) Stock Price Down 2.4%
Tarena International Inc (NASDAQ:TEDU) shares were down 2.4% during trading on Tuesday . The stock traded as low as $14.31 and last traded at $14.35, with a volume of 213,111 shares. The stock had previously closed at $14.71.
Several research analysts have commented on TEDU shares. Zacks Investment Research raised Tarena International from a “sell” rating to a “hold” rating in a research note on Saturday, August 27th. TheStreet downgraded Tarena International from a “buy” rating to a “hold” rating in a research note on Monday, September 12th. Jefferies Group reissued a “buy” rating and set a $13.40 target price on shares of Tarena International in a research note on Tuesday, August 16th. Finally, Brean Capital reissued a “buy” rating and set a $16.00 target price on shares of Tarena International in a research note on Tuesday, May 24th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Tarena International currently has an average rating of “Buy” and a consensus target price of $14.23.
The stock’s 50-day moving average is $13.09 and its 200-day moving average is $11.29. The stock has a market capitalization of $801.59 million, a P/E ratio of 27.23 and a beta of 1.41.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/tarena-international-inc-tedu-stock-price-down-2-4.html
Tarena International (NASDAQ:TEDU) last announced its quarterly earnings data on Monday, August 15th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.03. The firm earned $55.90 million during the quarter, compared to analysts’ expectations of $54.66 million. On average, analysts expect that Tarena International Inc will post $0.77 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Pine River Capital Management L.P. increased its position in shares of Tarena International by 19.1% in the second quarter. Pine River Capital Management L.P. now owns 51,992 shares of the company’s stock valued at $537,000 after buying an additional 8,334 shares in the last quarter. Walleye Trading LLC increased its position in shares of Tarena International by 112.0% in the second quarter. Walleye Trading LLC now owns 10,600 shares of the company’s stock valued at $109,000 after buying an additional 5,600 shares in the last quarter. State Street Corp increased its position in shares of Tarena International by 101.1% in the second quarter. State Street Corp now owns 55,900 shares of the company’s stock valued at $577,000 after buying an additional 28,100 shares in the last quarter. State of Wisconsin Investment Board bought a new position in shares of Tarena International during the second quarter valued at approximately $175,000. Finally, BlackRock Institutional Trust Company N.A. increased its position in shares of Tarena International by 73.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 116,313 shares of the company’s stock valued at $1,202,000 after buying an additional 49,427 shares in the last quarter.
Tarena International Company Profile
Tarena International, Inc (Tarena International) is a holding company. The Company, through its subsidiaries, provides professional education services, including professional information technology (IT) training courses and non-IT training courses across the People’s Republic of China (PRC). It operates through training segment.
Receive News & Ratings for Tarena International Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tarena International Inc and related companies with MarketBeat.com's FREE daily email newsletter.