Tarena International (NASDAQ:TEDU) Coverage Initiated at StockNews.com

StockNews.com initiated coverage on shares of Tarena International (NASDAQ:TEDU – Get Rating) in a research note issued on Friday. The firm set a “hold” rating on the business services provider’s stock.

Shares of TEDU stock opened at $2.20 on Friday. The stock has a market cap of $24.44 million, a PE ratio of -0.49 and a beta of 0.10. The business has a 50-day simple moving average of $2.36 and a 200-day simple moving average of $2.65. Tarena International has a 52-week low of $1.46 and a 52-week high of $19.05.

Tarena International (NASDAQ:TEDU – Get Rating) last posted its quarterly earnings data on Wednesday, March 16th. The business services provider reported ($0.51) EPS for the quarter. The business had revenue of $102.83 million during the quarter.

An institutional investor recently raised its position in Tarena International stock. Millennium Management LLC increased its stake in Tarena International, Inc. (NASDAQ:TEDU – Get Rating) by 157.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 96,681 shares of the business services provider’s stock after acquiring an additional 59,181 shares during the period. Millennium Management LLC owned approximately 0.17% of Tarena International worth $270,000 at the end of the most recent reporting period.

About Tarena International (Get Rating)

Tarena International, Inc, through its subsidiaries, provides professional education services through full-time and part-time classes under the Tarena brand in the People's Republic of China. It operates through two segments, Adult Training and Kid Training. The company offers education courses in 7 information technology (IT) subjects, such as Java, software testing, Linux and network engineering, Big Data, Web front-end development, Python, and network engineer courses; and 3 non-IT subjects, including digital art, online sales and marketing, computer-based design courses through live distance instruction, and visual effects-VFX, as well as classroom-based tutoring and online learning modules.

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