Tarena International (NASDAQ:TEDU) Shares Down 16.2%

Tarena International Inc (NASDAQ:TEDU)’s share price traded down 16.2% during mid-day trading on Thursday . The stock traded as low as $1.27 and last traded at $1.40, 1,026,689 shares traded hands during trading. An increase of 1,785% from the average session volume of 54,476 shares. The stock had previously closed at $1.67.

A number of equities analysts have issued reports on the company. Zacks Investment Research cut HEXO from a “hold” rating to a “sell” rating in a report on Wednesday, May 15th. BidaskClub lowered Zynga from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 20th. Four research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. The stock presently has an average rating of “Sell” and an average target price of $6.90.

The company has a market capitalization of $110.00 million, a P/E ratio of -0.89 and a beta of 0.68. The company’s 50 day moving average price is $2.79.

Several hedge funds have recently bought and sold shares of the company. Prudential PLC purchased a new stake in Tarena International in the fourth quarter worth $2,296,000. BlackRock Inc. boosted its stake in Tarena International by 8.9% during the fourth quarter. BlackRock Inc. now owns 772,678 shares of the business services provider’s stock valued at $4,868,000 after buying an additional 63,263 shares during the period. Finally, Jane Street Group LLC bought a new stake in Tarena International during the fourth quarter valued at $156,000. Institutional investors own 25.70% of the company’s stock.

Tarena International Company Profile (NASDAQ:TEDU)

Tarena International, Inc, through its subsidiaries, provides professional education services through full-time and part-time classes in the People's Republic of China. It offers education courses in 13 information technology (IT) subjects, such as Java, .NET, C++, software testing, embedded, PHP, Android, iOS, Linux and network engineering, Big Data, Web front-end development, VR/AR, and Python; and 3 non-IT subjects, including digital art, online sales and marketing, and accounting through live distance instruction, classroom-based tutoring, and online learning modules.

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