The stock of Tarena International Inc(ADR) (NASDAQ:TEDU) reached all time high today, Nov, 22 and still has $17.02 target or 4.00% above today’s $16.37 share price. This indicates more upside for the $918.22M company. This technical setup was reported by Barchart.com. If the $17.02 PT is reached, the company will be worth $36.73 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 805,054 shares traded hands or 182.95% 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. TheStreet downgraded Tarena International Inc(ADR) (NASDAQ:TEDU) on Saturday, September 5 to “Sell” rating. The company was upgraded on Monday, February 22 by Credit Suisse. Credit Suisse downgraded the stock to “Neutral” rating in Thursday, January 14 report.
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 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 the news titled: “Earnings Scheduled For November 21, 2016” on November 21, 2016. Zacks.com‘s news article titled: “US Turns Hotbed of Hiring: ETFs amp; Stocks to Surge” with publication date: January 11, 2016 was also an interesting one.
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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