New Oriental Education & Technology Group (NYSE:EDU) Reaches New 1-Year Low – Should You Sell?

New Oriental Education & Technology Group Inc. (NYSE:EDU) hit a new 52-week low on Wednesday . The company traded as low as $57.20 and last traded at $57.86, with a volume of 143097 shares trading hands. The stock had previously closed at $61.87.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Citigroup decreased their target price on shares of New Oriental Education & Technology Group from $127.00 to $106.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. StockNews.com upgraded shares of New Oriental Education & Technology Group from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. Finally, Morgan Stanley set a $83.00 price objective on shares of New Oriental Education & Technology Group in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, New Oriental Education & Technology Group presently has an average rating of “Moderate Buy” and an average target price of $99.67.

New Oriental Education & Technology Group Trading Down 1.6 %

The company’s 50-day moving average price is $66.16 and its two-hundred day moving average price is $72.54. The company has a market cap of $10.23 billion, a P/E ratio of 26.21 and a beta of 0.49.

New Oriental Education & Technology Group (NYSE:EDU) last issued its earnings results on Wednesday, October 23rd. The company reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.27. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.45 billion. New Oriental Education & Technology Group had a net margin of 8.38% and a return on equity of 9.43%. The firm’s revenue for the quarter was up 30.5% compared to the same quarter last year. During the same period last year, the firm posted $0.99 earnings per share. Equities analysts forecast that New Oriental Education & Technology Group Inc. will post 2.85 earnings per share for the current year.

New Oriental Education & Technology Group Dividend Announcement

The business also recently announced a — dividend, which was paid on Monday, September 23rd. Investors of record on Monday, September 9th were issued a $0.58 dividend. The ex-dividend date was Monday, September 9th.

Institutional Trading of New Oriental Education & Technology Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ridgewood Investments LLC purchased a new position in shares of New Oriental Education & Technology Group in the second quarter worth approximately $43,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of New Oriental Education & Technology Group in the 2nd quarter valued at approximately $50,000. Blue Trust Inc. boosted its stake in New Oriental Education & Technology Group by 782.4% in the 2nd quarter. Blue Trust Inc. now owns 803 shares of the company’s stock worth $62,000 after purchasing an additional 712 shares during the period. Hancock Whitney Corp acquired a new position in New Oriental Education & Technology Group in the 2nd quarter worth approximately $212,000. Finally, QRG Capital Management Inc. grew its position in New Oriental Education & Technology Group by 7.4% during the 2nd quarter. QRG Capital Management Inc. now owns 3,666 shares of the company’s stock worth $285,000 after purchasing an additional 254 shares in the last quarter.

New Oriental Education & Technology Group Company Profile

New Oriental Education & Technology Group Inc provides private educational services under the New Oriental brand in the People’s Republic of China. The company operates through four segments: Educational Services and Test Preparation Courses; Online Education and Other Services; Overseas Study Consulting Services; and Educational Materials and Distribution.