RISE Education Cayman (NASDAQ:REDU) Raised to “Buy” at ValuEngine

ValuEngine upgraded shares of RISE Education Cayman (NASDAQ:REDU) from a hold rating to a buy rating in a research note released on Wednesday, ValuEngine reports.

Separately, Morgan Stanley lowered RISE Education Cayman from an equal weight rating to an underweight rating in a research report on Monday, August 19th.

Shares of NASDAQ REDU traded up $0.34 during mid-day trading on Wednesday, reaching $8.67. 19,904 shares of the company’s stock were exchanged, compared to its average volume of 21,627. The firm has a market capitalization of $472.93 million, a price-to-earnings ratio of 21.68 and a beta of 0.84. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 1.01. The business has a fifty day simple moving average of $8.27 and a 200 day simple moving average of $9.15. RISE Education Cayman has a twelve month low of $6.70 and a twelve month high of $12.27.

RISE Education Cayman (NASDAQ:REDU) last released its quarterly earnings results on Thursday, August 15th. The company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.05). The business had revenue of $53.47 million for the quarter. RISE Education Cayman had a return on equity of 29.54% and a net margin of 8.70%. Equities research analysts predict that RISE Education Cayman will post 0.35 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in REDU. Prudential Financial Inc. acquired a new stake in RISE Education Cayman in the 2nd quarter valued at approximately $389,000. Renaissance Technologies LLC raised its position in RISE Education Cayman by 115.6% in the 2nd quarter. Renaissance Technologies LLC now owns 98,524 shares of the company’s stock valued at $939,000 after buying an additional 52,822 shares during the last quarter. Northern Trust Corp raised its position in RISE Education Cayman by 119.2% in the 2nd quarter. Northern Trust Corp now owns 27,873 shares of the company’s stock valued at $265,000 after buying an additional 15,158 shares during the last quarter. BlackRock Inc. raised its position in RISE Education Cayman by 117.5% in the 2nd quarter. BlackRock Inc. now owns 441,105 shares of the company’s stock valued at $4,203,000 after buying an additional 238,262 shares during the last quarter. Finally, Morgan Stanley raised its position in RISE Education Cayman by 5.7% in the 2nd quarter. Morgan Stanley now owns 2,664,393 shares of the company’s stock valued at $25,392,000 after buying an additional 142,669 shares during the last quarter. 13.09% of the stock is currently owned by institutional investors and hedge funds.

RISE Education Cayman Company Profile

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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