Home / Market Movers / Services Sector Gets a Lift from 3.24% Morning Gain for Tarena International Inc. (TEDU) on September 22

Services Sector Gets a Lift from 3.24% Morning Gain for Tarena International Inc. (TEDU) on September 22

Tarena International Inc. (TEDU) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the services sector during morning trading on September 22. At the lunch break, shares of TEDU have tacked on 3.24% to $14.98 after closing the day prior at $14.51. In the first two and a half hours of trading, the stock has gone as high as $15.19 and as low as $14.58. Today’s rise has come with about 168,833 shares changing hands, compared to an average 30-day volume of 417,676 for Tarena International Inc.. The price is currently below the 30-day volume weighted average price of $14.95 for TEDU.

The share appreciation gives the company a market capitalization of $810.54 million based upon 55.86 million shares outstanding. It also means that TEDU has a price-to-book ratio of 4.03:1.

In the past 52 weeks, shares of TEDU have traded as low as $8.35 and as high as $15.18. Technical traders will take note that at $14.98, shares of TEDU are trading above their 200-day MA at $10.8 and above their 50-day MA at $12.49. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.

Who is TEDU?

Tarena International Inc through its subsidiaries provides professional education services in China. It offers courses in nine IT subjects and two non-IT subjects. The company’s 5066 employees are led by CEO Shaoyun Han from the corporate headquarters at A18 Bei San Huan West Road in Beijing, .


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