Zacks Investment Research downgraded shares of RISE Education Cayman (NASDAQ:REDU) from a hold rating to a sell rating in a research note published on Wednesday morning.
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. “
REDU stock traded down $0.52 during midday trading on Wednesday, reaching $16.50. The stock had a trading volume of 780 shares, compared to its average volume of 193,312. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.59. The firm has a market cap of $976.25 million and a price-to-earnings ratio of 170.20. RISE Education Cayman has a twelve month low of $17.69 and a twelve month high of $17.93.
Several institutional investors have recently bought and sold shares of the company. Morse Asset Management Inc acquired a new position in shares of RISE Education Cayman during the 1st quarter worth about $221,000. Jane Street Group LLC acquired a new position in shares of RISE Education Cayman during the 4th quarter worth about $149,000. Millennium Management LLC acquired a new position in shares of RISE Education Cayman during the 4th quarter worth about $2,126,000. GCA Investment Management LLC acquired a new position in shares of RISE Education Cayman during the 4th quarter worth about $370,000. Finally, Dalton Investments LLC acquired a new position in shares of RISE Education Cayman during the 4th quarter worth about $1,035,000. Institutional investors own 10.42% of the company’s stock.
About RISE Education Cayman
RISE Education Cayman Ltd, through its subsidiaries, provides junior English language training services under the RISE brand name in the People's Republic of China. The company offers a range of educational programs, services, and products, including educational courses, sale of course materials, franchise services, and study tours.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for RISE Education Cayman Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RISE Education Cayman and related companies with MarketBeat.com's FREE daily email newsletter.