Shares of New Oriental Education & Technology Group Inc. Sponsored ADR representing 1 (Cayman Islands) (EDU) Have Fallen Below Previous 52-Week Low

July 23, 2021 10:37:37

Shares of New Oriental Education & Technology Group Inc. Sponsored ADR representing 1 (Cayman Islands) (NYSE:EDU) traded today at $2.45, breaking its 52-week low. Approximately 491.5 million shares have changed hands today, as compared to an average 30-day volume of 38 million shares.

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.

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 $2.45 and a high of $19.97 and is now at $2.66.

Potential upside of 117.0% exists for New Oriental Education & Technology Group Inc. Sponsored ADR representing 1 (Cayman Islands), based on a current level of $2.66 and analysts’ average consensus price target of $5.77.

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