New Oriental Education & Techno (NYSE:EDU) Stock Closed 5.5% Above Its 50 Day Moving Average

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It is trading at $93.97 a bit higher than $89.05, the 50 day moving average and a great deal higher than the 200 day moving average of $77.42. The 50 day moving average was up $4.92 or +5.53% whereas the 200 day average was up by +21.38%. (NYSE:EDU) shares saw light trading volume with 1,151K shares changing hands by the end of trading on Tuesday. Trading volume was down 19.20% under the stocks average daily volume.

Short traders are more bearish of late as implied by the change in short interest. The stock recorded a rise in short interest from September 15, 2017 to September 29, 2017 of 24.98%. Short interest grew from 1,883,084 to 2,353,452 over that timeframe. Days to cover increased 1.0 to 2.0 and the percentage of shorted shares is 0.01% as of September 29.

The following firms have recently changed their position in EDU. Bank Of Montreal /can/ bolstered its ownership by buying 4,920 shares an increase of 8,945.5% from 06/30/2017 to 09/30/2017. Bank Of Montreal /can/ controls 4,975 shares with a value of $439,000. The value of the position overall is up by 10,875.0%. Baillie Gifford & Co reduced its stake by selling 259,544 shares a decrease of 3.1% as of 09/30/2017. Baillie Gifford & Co owns 8,005,379 shares worth $706,555,000. The total value of its holdings increased 21.3%.

Farmers & Merchants Investments Inc downsized its position by selling 87 shares a decrease of 40.1%. Farmers & Merchants Investments Inc claims 130 shares valued at $11,000. The total value of its holdings decreased 26.7%. As of quarter end Shell Asset Management CO had disposed of a total of 5,800 shares trimming its holdings by 10.5%. The value of the company’s investment in New Oriental Education & Techno increased from $3,909,000 to $4,383,000 a change of 12.1% for the reporting period.

On September 14, 2017 the stock rating was rated “Underweight” according to a JP Morgan report down from the previous “Neutral” rating.

The company currently has a P/E ratio of 54.01 and the market cap of the company is 14.86B. As of the latest earnings report the EPS was $1.74 and is projected to be $2.38 for the current year with 158,119,000 shares outstanding. Next quarter’s EPS is estimated at $0.17 with next year’s EPS anticipated to be $3.18.

New Oriental Education & Technology Group Inc., launched on January 25, 2006, is a provider of private educational services in the People’s Republic of China (the PRC). The Company offers a range of educational programs, services and products, consisting of English and other foreign language training, test preparation courses for admissions and assessment tests in the United States, the People’s Republic of China and Commonwealth countries, primary and secondary school education, development and distribution of educational content, software and other technology, and online education. The Company operates through seven segments, including language training and test preparation, primary and secondary school education, online education, content development and distribution, pre-school education, overseas study consulting services and study tour. The Company provides educational services under its New Oriental brand..

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