The stock of Tarena International Inc(ADR) (NASDAQ:TEDU) hit a new 52-week high and has $17.18 target or 5.00% above today’s $16.36 share price. The 9 months bullish chart indicates low risk for the $909.72M company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $17.18 price target is reached, the company will be worth $45.49 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 662,613 shares traded hands or 132.89% up from the average. Tarena International Inc(ADR) (NASDAQ:TEDU) has risen 36.30% since April 20, 2016 and is uptrending. It has outperformed by 31.74% the S&P500.
Analysts await Tarena International Inc(ADR) (NASDAQ:TEDU) to report earnings on November, 28.
Tarena International Inc(ADR) (NASDAQ:TEDU) Ratings Coverage
Out of 4 analysts covering Tarena International (NASDAQ:TEDU), 3 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 75% are positive. Tarena International has been the topic of 7 analyst reports since August 19, 2015 according to StockzIntelligence Inc. On Saturday, September 5 the stock rating was downgraded by TheStreet to “Sell”. On Monday, February 22 the stock rating was upgraded by Credit Suisse to “Outperform”. Credit Suisse downgraded Tarena International Inc(ADR) (NASDAQ:TEDU) on Thursday, January 14 to “Neutral” rating.
According to Zacks Investment Research, “Tarena International, Inc. is a provider of professional education services in China. The Company specializes in Information Technology professional education services including classroom training. It offers education courses in nine IT subjects, such as Java, C++, software testing, PHP, embedded, Android, .NET, iOS, and Linux and network engineering; and two non-IT subjects comprising digital art, and online sales and marketing through live distance instruction, classroom-based tutoring, and online learning modules. Tarena International, Inc. is headquartered in Beijing, the People’s Republic of China.”
More important recent Tarena International Inc(ADR) (NASDAQ:TEDU) news were published by: Quotes.Wsj.com which released: “DOW JONES, A NEWS CORP COMPANY” on April 04, 2014, also Benzinga.com published article titled: “Earnings Scheduled For November 21, 2016”, Zacks.com published: “US Turns Hotbed of Hiring: ETFs amp; Stocks to Surge” on January 11, 2016. More interesting news about Tarena International Inc(ADR) (NASDAQ:TEDU) was released by: Zacks.com and their article: “ManpowerGroup on Fire: What’s Driving the Stock Higher?” with publication date: October 06, 2016.
TEDU Company Profile
Tarena International, Inc. (Tarena International), incorporated on October 8, 2003, is a holding company. The Company, through its subsidiaries, provides professional education services, including professional information technology (IT) training courses and non-IT training courses across the People’s Republic of China (PRC). The Firm operates in the training segment. Tarena International offers courses in over 10 IT subjects and approximately three non-IT subjects, and over two kid education programs. It offers an education platform that combines live distance instruction, classroom tutoring and online learning modules. It delivers lectures through a group of instructors based in Beijing to a network of approximately 130 learning centers in over 40 cities in China.
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