Wah Fu Education Group (NASDAQ:WAFU) Trading Down 1.4% – Here’s Why

Wah Fu Education Group Limited (NASDAQ:WAFU)’s share price fell 1.4% during trading on Thursday . The stock traded as low as $1.35 and last traded at $1.41. 12,466 shares were traded during mid-day trading, a decline of 9% from the average daily volume of 13,754 shares. The stock had previously closed at $1.43.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Wah Fu Education Group in a report on Thursday, July 2nd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Wah Fu Education Group presently has a consensus rating of “Sell”.

Wah Fu Education Group Stock Performance

The firm’s 50 day moving average price is $1.59 and its 200-day moving average price is $1.64.

Hedge Funds Weigh In On Wah Fu Education Group

An institutional investor recently bought a new stake in Wah Fu Education Group stock. Financial Plan Inc. acquired a new stake in Wah Fu Education Group Limited (NASDAQ:WAFU) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 19,000 shares of the company’s stock, valued at approximately $29,000. Financial Plan Inc. owned 0.43% of Wah Fu Education Group at the end of the most recent quarter.

About Wah Fu Education Group

Wah Fu Education Group (NASDAQ: WAFU) is a postsecondary vocational education provider in the People’s Republic of China, offering a range of career-oriented diploma and certificate programs. Through its network of licensed vocational schools, the company focuses on equipping students with practical skills in areas such as nursing, early childhood education, digital media, business administration and information technology. Wah Fu’s curriculum blends classroom instruction with hands-on training, aiming to meet the needs of local employers in sectors experiencing growth and skills shortages.

Founded in the early 2000s, Wah Fu has steadily expanded its footprint across Fujian Province, operating multiple campuses in cities including Xiamen, Fuzhou and Quanzhou.