In yesterday’s Wall Street session, New Oriental Education & Technology Group Inc. ADR (NYSE:EDU) shares traded at $46.13, down -1.24% from the previous session.
EDU stock price is now -23.18% away from the 50-day moving average and -33.90% away from the 200-day moving average. The market capitalization of the company currently stands at $7.54B.
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With the price target reduced from $83 to $52, Morgan Stanley Downgraded its rating from Overweight to Equal-Weight for New Oriental Education & Technology Group Inc. ADR (NYSE: EDU). On January 23, 2025, Macquarie Downgraded its previous ‘Outperform’ rating to ‘Underperform’ on the stock keeping its target price maintained at $44, while ‘JP Morgan’ rates the stock as ‘Neutral’
In other news, Hsieh Louis, Officer bought 21,363 shares of the company’s stock on Jan 22 ’25. The stock was bought for $1,299,725 at an average price of $60.84. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 07 ’24, Officer Hsieh Louis bought 21,363 shares of the business’s stock. A total of $1,321,729 was incurred on buying the stock at an average price of $61.87. A total of 2.99% of the company’s stock is owned by insiders.
During the past 12 months, New Oriental Education & Technology Group Inc. ADR has had a low of $44.46 and a high of $97.23. As of last week, the company has a debt-to-equity ratio of 0.20, a current ratio of 1.71, and a quick ratio of 1.68. According to the stock market information, the enterprise value for the company is $96478699520, which is based on a 19.57 price-to-earnings ratio, a 0.56 price-to-earnings-growth ratio, and a beta of 0.41. The fifty day moving average price for EDU is $60.0456 and a two-hundred day moving average price translates $70.18645 for the stock.
The latest earnings results from New Oriental Education & Technology Group Inc. ADR (NYSE: EDU) was released for 2024-08-31. The net profit margin was 8.13% and return on equity was 10.40% for EDU. The company reported revenue of $1.44 billion for the quarter, compared to $1.1 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 30.49 percent.
