Tarena International (NASDAQ:TEDU) Shares Pass Below 200 Day Moving Average of $2.55

Tarena International, Inc. (NASDAQ:TEDU) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.55 and traded as low as $1.80. Tarena International shares last traded at $1.80, with a volume of 303 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Tarena International in a research note on Saturday. They issued a “strong-buy” rating for the company.

Tarena International Stock Performance

The business’s 50 day moving average price is $1.98 and its 200-day moving average price is $2.55. The firm has a market capitalization of $19.37 million, a PE ratio of -3.60 and a beta of -0.42.

Tarena International (NASDAQ:TEDU) last issued its quarterly earnings results on Monday, August 28th. The business services provider reported $0.09 earnings per share for the quarter. The firm had revenue of $75.16 million during the quarter. Tarena International had a negative net margin of 1.68% and a negative return on equity of 0.46%.

About Tarena International

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, IT Professional Education; and IT-focused Supplementary STEAM Education Services.