Shares of TAL Education Group American Depositary Shares (NYSE:TAL) traded today at $6.66, eclipsing its 52-week high. This new high was reached on above average trading volume as 11.1 million shares traded hands, while the average 30-day volume is approximately 6.4 million shares.
Over the past year, TAL Education Group American Depositary Shares has traded in a range of $1.60 to $6.66 and is now at $6.49, 306% above that low.
Founded in 2003, TAL Education is one of the leading K-12 after-school tutoring providers in China. The firm offers tutoring services to students from pre-school to the twelfth grade via small classes, one-on-one personalized premium services, and online courses. In fourth quarter fiscal 2021, TAL’s small classes account for 53% of its revenue, one-on-one 6%, and Xueersi.com 32%. Its tutoring services cover the core academic subjects in China’s school curriculum, such as Math (K-12), English (K-12), Chinese (K-12), Physics (Grade 8-12), Chemistry (Grade 9-12), and Biology (Grade 10-12). TAL’s learning centers currently cover 101 cities in China and a total of 1,098 learning centers. In fourth-quarter fiscal 2021, current normal priced long-term course student enrolment was 6.7 million.
Based on a current price of $6.49, TAL Education Group American Depositary Shares is currently 13.2% above its average consensus analyst price target of $5.63.
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