RISE Education Cayman (NASDAQ:REDU) issued its earnings results on Thursday. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.05), Morningstar.com reports. RISE Education Cayman had a net margin of 10.77% and a return on equity of 35.60%. The business had revenue of $53.47 million for the quarter. RISE Education Cayman updated its Q3 2019 guidance to EPS.
REDU stock traded up $0.01 during midday trading on Friday, reaching $8.02. 4,028 shares of the company’s stock traded hands, compared to its average volume of 33,050. The company has a 50-day moving average price of $8.85 and a two-hundred day moving average price of $9.54. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.98 and a current ratio of 0.98. RISE Education Cayman has a 52 week low of $6.70 and a 52 week high of $12.70. The firm has a market capitalization of $462.71 million, a PE ratio of 19.78 and a beta of 0.84.
Hedge funds have recently modified their holdings of the business. Northern Trust Corp grew its position in shares of RISE Education Cayman by 11.7% during the 4th quarter. Northern Trust Corp now owns 12,337 shares of the company’s stock valued at $98,000 after purchasing an additional 1,295 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of RISE Education Cayman during the 2nd quarter valued at $133,000. D. E. Shaw & Co. Inc. purchased a new position in shares of RISE Education Cayman during the 2nd quarter valued at $139,000. Citadel Advisors LLC grew its position in shares of RISE Education Cayman by 112.0% during the 2nd quarter. Citadel Advisors LLC now owns 22,655 shares of the company’s stock valued at $216,000 after purchasing an additional 11,968 shares in the last quarter. Finally, Prudential Financial Inc. purchased a new position in shares of RISE Education Cayman during the 2nd quarter valued at $389,000. 13.22% of the stock is currently owned by institutional investors and hedge funds.
RISE Education Cayman Ltd, through its subsidiaries, provides junior English language training services under the RISE brand name in the People's Republic of China. The company offers a range of educational programs, services, and products, including educational courses, sale of course materials, franchise services, and study tours.
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