Shares of RISE Education Cayman Ltd (REDU) Rise Above Previous 52-Week High

June 17, 2022 10:56:22

Shares of RISE Education Cayman Ltd (NASDAQ:REDU) traded today at $4.47, eclipsing its 52-week high. Approximately 329,000 shares have changed hands today, as compared to an average 30-day volume of 323,000 shares.

In the past 52 weeks, RISE Education Cayman Ltd share prices are bracketed by a low of $0.42 and a high of $4.47 and is now at $3.35, 706% above that low price.

RISE Education Cayman Ltd mainly operates the English Language Training market which refers to after-school English teaching and tutoring services provided by training institutions to students aged three to 18. The company focuses on subject-based learning whereby various subject matters, such as language arts, math, natural science, and social science are used to teach English. It offers three flagship courses namely Rise Start, Rise On and Rise Up which are designed for students aged three to six, seven to twelve, and 13 to 18, respectively. In addition, RISE Education offers a number of complementary products to further enhance students learning experience, including Can-Talk, Rise Library Online, Rise Camp, Rise Workshop, and Rise Overseas Study Tour.

RISE Education Cayman Ltd has overhead space with shares priced $3.35, or 53.9% below the average consensus analyst price target of $7.27.

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