Tarena International (NASDAQ:TEDU) Trading Down 16.2%

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Tarena International Inc (NASDAQ:TEDU)’s stock price dropped 16.2% during mid-day trading on Thursday . The company traded as low as $1.27 and last traded at $1.40, approximately 1,026,689 shares were traded during mid-day trading. An increase of 1,785% from the average daily volume of 54,476 shares. The stock had previously closed at $1.67.

Several equities analysts have recently weighed in on the company. BidaskClub cut Zynga from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 20th. Zacks Investment Research lowered HEXO from a “hold” rating to a “sell” rating in a research note on Wednesday, May 15th. Four equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. The company presently has a consensus rating of “Sell” and an average price target of $6.90.

The company has a fifty day moving average of $2.79. The stock has a market cap of $110.00 million, a PE ratio of -0.89 and a beta of 0.68.

Hedge funds have recently added to or reduced their stakes in the stock. Prudential PLC bought a new position in shares of Tarena International during the 4th quarter valued at $2,296,000. BlackRock Inc. increased its stake in shares of Tarena International by 8.9% in the 4th quarter. BlackRock Inc. now owns 772,678 shares of the business services provider’s stock worth $4,868,000 after purchasing an additional 63,263 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of Tarena International in the 4th quarter worth $156,000. 25.70% of the stock is currently owned by institutional investors and hedge funds.

Tarena International Company Profile (NASDAQ:TEDU)

Tarena International, Inc, through its subsidiaries, provides professional education services through full-time and part-time classes in the People's Republic of China. It offers education courses in 13 information technology (IT) subjects, such as Java, .NET, C++, software testing, embedded, PHP, Android, iOS, Linux and network engineering, Big Data, Web front-end development, VR/AR, and Python; and 3 non-IT subjects, including digital art, online sales and marketing, and accounting through live distance instruction, classroom-based tutoring, and online learning modules.

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