Shares of New Oriental Education & Technology Group Inc. Sponsored ADR representing 1 (Cayman Islands) (NYSE:EDU) traded at a new 52-week low today of $6.10. Approximately 31.2 million shares have changed hands today, as compared to an average 30-day volume of 38.5 million shares.
New Oriental Education & Technology Group Inc. Sponsored ADR representing 1 (Cayman Islands) (NYSE:EDU) is currently priced 5.9% above its average consensus analyst price target of $5.77.
Over the past year, New Oriental Education & Technology Group Inc. Sponsored ADR representing 1 (Cayman Islands) has traded in a range of $6.10 to $19.97 and is now at $6.13.
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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