Shares of New Oriental Education & Technology Group Inc. Sponsored ADR representing 1 (Cayman Islands) (NYSE:EDU) traded today at $7.08, breaking its 52-week low. So far today approximately 9 million shares have been exchanged, as compared to an average 30-day volume of 37.5 million shares.
In the past 52 weeks, shares of New Oriental Education & Technology Group Inc. Sponsored ADR representing 1 (Cayman Islands) have traded between the current low of $7.08 and a high of $19.97 and is now at $7.12.
New Oriental Education & Technology Group Inc. Sponsored ADR representing 1 (Cayman Islands) (NYSE:EDU) defies analysts with a current price ($7.12) 8.3% above its average consensus price target of $6.53.
EDU, founded in 1993, is the largest well-established one-stop shopping private educational services provider in China. EDU has had over 52.8 million student enrollments, including about 8.4 million enrollments in fiscal 2019. As of third-quarter fiscal 2020, EDU had a network of 1,416 learning centers, including 99 schools, 12 bookstores and access to a national network of online and offline bookstores through 160 third-party distributors and over 38,400 highly qualified teachers in 86 cities. EDU offers a diversified portfolio of educational programs, services and products to students in different age groups, including K-12 after-school tutoring for major academic subjects, overseas and domestic test preparations, nonacademic languages and services in vocational training, and so on.
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