RISE Education Cayman (REDU) Stock Rating Lowered by Zacks Investment Research

RISE Education Cayman (NASDAQ:REDU) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

According to Zacks, “RISE Education Cayman Ltd. is involved in China’s junior English Language Training market. RISE Education Cayman Ltd. is based in NEW YORK. “

Separately, Morgan Stanley initiated coverage on shares of RISE Education Cayman in a report on Tuesday, November 14th. They issued an “overweight” rating and a $15.50 price objective for the company.

RISE Education Cayman (NASDAQ REDU) traded down $0.32 on Wednesday, hitting $14.64. 470,600 shares of the stock were exchanged, compared to its average volume of 327,080. RISE Education Cayman has a one year low of $9.50 and a one year high of $17.86. The company has a debt-to-equity ratio of -6.48, a quick ratio of 0.81 and a current ratio of 0.81.

RISE Education Cayman (NASDAQ:REDU) last issued its quarterly earnings data on Monday, November 27th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). analysts expect that RISE Education Cayman will post 0.26 earnings per share for the current year.

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About RISE Education Cayman

RISE Education Cayman Ltd is a holding company. The Company, through its subsidiaries, offers after-school English teaching and tutoring services to students aged three to 18. It operates in China’s junior English Language Training (ELT) market. Its offers three flagship courses, including Rise Start, Rise On and Rise Up, that are designed for students aged three to six, seven to twelve and 13 to 18, respectively.

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