RISE Education Cayman (NASDAQ:REDU) Stock Price Up 6.1%

RISE Education Cayman Ltd (NASDAQ:REDU) rose 6.1% during mid-day trading on Friday . The stock traded as high as $8.50 and last traded at $8.50, approximately 126,276 shares were traded during mid-day trading. An increase of 119% from the average daily volume of 57,690 shares. The stock had previously closed at $8.01.

The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.98 and a current ratio of 0.98. The firm’s 50-day moving average price is $8.82 and its two-hundred day moving average price is $9.53. The firm has a market capitalization of $454.76 million, a price-to-earnings ratio of 24.27 and a beta of 0.84.

RISE Education Cayman (NASDAQ:REDU) last issued its earnings results on Thursday, August 15th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.05). RISE Education Cayman had a net margin of 8.70% and a return on equity of 30.43%. The business had revenue of $53.47 million for the quarter.



Several institutional investors have recently modified their holdings of REDU. Northern Trust Corp boosted its position in shares of RISE Education Cayman by 11.7% during the 4th quarter. Northern Trust Corp now owns 12,337 shares of the company’s stock valued at $98,000 after acquiring an additional 1,295 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of RISE Education Cayman during the 2nd quarter valued at about $133,000. D. E. Shaw & Co. Inc. bought a new position in RISE Education Cayman during the 2nd quarter valued at about $139,000. Citadel Advisors LLC lifted its holdings in RISE Education Cayman by 112.0% during the 2nd quarter. Citadel Advisors LLC now owns 22,655 shares of the company’s stock valued at $216,000 after purchasing an additional 11,968 shares during the last quarter. Finally, Prudential Financial Inc. bought a new position in RISE Education Cayman during the 2nd quarter valued at about $389,000. Institutional investors and hedge funds own 13.22% of the company’s stock.

RISE Education Cayman Company Profile (NASDAQ:REDU)

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.

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