New Oriental Education & Technology Group (EDU) Shares are Down -2.01%

New Oriental Education & Technology Group (EDU) has risen sharply, recording gains of 10.01% in the past 4 weeks. However, the stock has corrected -2.01% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 10.61% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

The stock has recorded a 20-day Moving Average of 1.6% and the 50-Day Moving Average is 5.99%.The 200 Day SMA reached 22.76%


New Oriental Education & Technology Group (NYSE:EDU): The stock opened in the green at $46.75 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $47.1 and a low of $46.01 for the day. The stock did not find buyers even at the lows and closed at $46.36 recording a loss of -1.15%. 694,642 shares exchanged hands during the trading day. The stock had closed at $46.36 in the previous days trading.

New Oriental Education & Technology Group (EDU) : The consensus price target for New Oriental Education & Technology Group (EDU) is $50 for the short term with a standard deviation of $2. The most optimist securities analyst among the 3 who monitor the stock believes that the stock can reach $52, however, the pessimist price target for the company is $48.

New Oriental Education & Technology Group Inc. is a provider of private educational services in the Peoples Republic of China (the PRC). The Company offers a range of educational programs, services and products, consisting primarily of English and other foreign language training, test preparation courses for admissions and assessment tests in the United States, the PRC and Commonwealth countries, primary and secondary school education, development and distribution of educational content, software and other technology, and online education. The Company operates through six segments: language training and test preparation, primary and secondary school education, online education, content development and distribution, post-secondary education and overseas study consulting services. All of the Companys schools, learning centers and bookstores operate under its New Oriental brand.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.