Shares of New Oriental Education & Technology Group, Inc. (EDU) Sees Large Inflow of Net Money Flow

New Oriental Education & Technology Group, Inc. (EDU) witnessed a selling pressure and the shares last traded with a loss of -0.21 points or -0.44% at $47.34. Investors jumped in to buy the shares on weakness. The net money flow till latest update was calculated at $2.35 million with an inflow of $4.11 million in upticks and an outflow of $1.76 million in downticks. Using the data, the up/down ratio is found to be 2.33. The share price has recorded -2.99% on a weekly basis.A block trade of $1.88 million in uptick and $0 million in downtick was also observed, resulting in an up/down ratio of 0. The net money flow of the block trade stood at a $1.88, signaling heavy buying.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

New Oriental Education & Technology Group Inc. has dropped 0.81% in the last five trading days, however, the shares have posted positive gains of 13.02% in the last 4 weeks. New Oriental Education & Technology Group Inc. has dropped 5.09% during the last 3-month period . Year-to-Date the stock performance stands at 13.02%. New Oriental Education & Technology Group, Inc. (NYSE:EDU) rose 0.06% or 0.03 points on Wednesday and made its way into the gainers of the day. After trading began at $47.8 the stock was seen hitting $47.8 as a peak level and $46.95 as the lowest level. The stock ended up at $47.58. The daily volume was measured at 1,026,176 shares. The 52-week high of the share price is $53.38 and the 52-week low is $28.43. The company has a market cap of $7,491 million.

New Oriental Education & Tech Grp (ADR) Last issued its quarterly earnings results on Jan 17, 2017. The company reported $0.08 EPS for the quarter, missing the analyst consensus estimate by $ -0.01. Analyst had a consensus of $0.09. The company had revenue of $341.20 million for the quarter, compared to analysts expectations of $330.98 million. The companys revenue was up 22.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.New Oriental Education & Tech Grp (ADR) was Initiated by BofA/Merrill to Neutral on Jan 24, 2017. New Oriental Education & Tech Grp (ADR) was Upgraded by JP Morgan to Overweight on Jan 18, 2017. New Oriental Education & Tech Grp (ADR) was Upgraded by Nomura to Buy on Jan 6, 2017.

New Oriental is the largest provider of private educational services in China based on the number of program offerings, total student enrollments and geographic presence. New Oriental offers a wide range of educational programs, services and products consisting primarily of English and other foreign language training, test preparation courses for major admissions and assessment tests in the United States, the PRC and Commonwealth countries, primary and secondary school education, development and distribution of educational content, software and other technology, and online education. New Orientals ADSs, each of which represents four common shares, currently trade on the New York Stock Exchange under the symbol EDU.

New

Share this post

Leave a Reply