ValuEngine Upgrades RISE Education Cayman (NASDAQ:REDU) to Buy

RISE Education Cayman (NASDAQ:REDU) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Wednesday, ValuEngine reports.

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

REDU traded up $0.34 on Wednesday, reaching $8.67. 19,904 shares of the stock were exchanged, compared to its average volume of 21,627. The firm has a market capitalization of $472.93 million, a PE ratio of 21.68 and a beta of 0.84. The company’s 50-day moving average price is $8.27 and its 200 day moving average price is $9.15. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.02 and a quick ratio of 1.01. RISE Education Cayman has a fifty-two week low of $6.70 and a fifty-two week high of $12.27.

RISE Education Cayman (NASDAQ:REDU) last issued its quarterly earnings data on Thursday, August 15th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.05). The company had revenue of $53.47 million during the quarter. RISE Education Cayman had a net margin of 8.70% and a return on equity of 29.54%. As a group, equities analysts forecast that RISE Education Cayman will post 0.35 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of REDU. Prudential Financial Inc. acquired a new position in shares of RISE Education Cayman in the 2nd quarter valued at about $389,000. Renaissance Technologies LLC lifted its holdings in shares of 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 period. Northern Trust Corp lifted its holdings in shares of 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 period. BlackRock Inc. lifted its holdings in shares of 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 period. Finally, Morgan Stanley lifted its holdings in shares of 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 period. 13.09% of the stock is 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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