New Oriental Education & Technology Group (NYSE:EDU) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

New Oriental Education & Technology Group, Inc. (NYSE:EDU)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $56.09 and traded as high as $56.16. New Oriental Education & Technology Group shares last traded at $53.5960, with a volume of 928,742 shares changing hands.

Analyst Ratings Changes

A number of brokerages have issued reports on EDU. HSBC raised shares of New Oriental Education & Technology Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 28th. New Street Research set a $68.00 target price on shares of New Oriental Education & Technology Group in a research note on Wednesday, January 28th. Zacks Research lowered shares of New Oriental Education & Technology Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Wall Street Zen raised shares of New Oriental Education & Technology Group from a “hold” rating to a “buy” rating in a research note on Saturday, January 31st. Finally, Weiss Ratings lowered shares of New Oriental Education & Technology Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $65.84.

New Oriental Education & Technology Group Stock Performance

The firm’s 50 day moving average is $55.22 and its 200-day moving average is $56.09. The firm has a market cap of $8.47 billion, a price-to-earnings ratio of 20.53, a price-to-earnings-growth ratio of 0.92 and a beta of 0.24.

New Oriental Education & Technology Group (NYSE:EDU) last released its quarterly earnings data on Tuesday, April 14th. The company reported $0.10 earnings per share (EPS) for the quarter. New Oriental Education & Technology Group had a net margin of 7.82% and a return on equity of 11.67%. The business had revenue of $1.42 billion during the quarter. As a group, research analysts predict that New Oriental Education & Technology Group, Inc. will post 3.17 EPS for the current year.

Institutional Investors Weigh In On New Oriental Education & Technology Group

Several institutional investors and hedge funds have recently modified their holdings of EDU. Caitong International Asset Management Co. Ltd lifted its stake in shares of New Oriental Education & Technology Group by 7,314.3% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 519 shares of the company’s stock valued at $28,000 after purchasing an additional 512 shares during the last quarter. Atlas Capital Advisors Inc. acquired a new stake in shares of New Oriental Education & Technology Group in the 4th quarter valued at $72,000. Raymond James Financial Inc. acquired a new stake in shares of New Oriental Education & Technology Group in the 2nd quarter valued at $111,000. Leonteq Securities AG acquired a new stake in shares of New Oriental Education & Technology Group in the 4th quarter valued at $155,000. Finally, Hantz Financial Services Inc. lifted its stake in shares of New Oriental Education & Technology Group by 275.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 3,395 shares of the company’s stock valued at $180,000 after purchasing an additional 2,490 shares during the last quarter.

New Oriental Education & Technology Group Company Profile

New Oriental Education & Technology Group (NYSE: EDU) is one of China’s leading providers of private educational services, specializing in language training, test preparation and consulting for overseas study. The company’s offerings span a range of subjects, including English language instruction, preparatory courses for examinations such as the TOEFL, GRE and GMAT, and K-12 after-school tutoring. New Oriental’s curriculum is delivered through a combination of in-person learning centers and digital platforms, enabling students across various regions to access its educational resources.

Founded in 1993 by Michael Yu Minhong in Beijing, New Oriental began as a small language school and quickly expanded its footprint.