Sunlands Technology Group (NYSE:STG) Shares Down 8.4% – Time to Sell?

Sunlands Technology Group Sponsored ADR (NYSE:STG)’s share price dropped 8.4% during trading on Thursday . The company traded as low as $12.29 and last traded at $12.78. Approximately 117,772 shares were traded during mid-day trading, an increase of 552% from the average daily volume of 18,077 shares. The stock had previously closed at $13.95.

Sunlands Technology Group Price Performance

The business has a 50 day simple moving average of $6.28 and a 200 day simple moving average of $5.93. The company has a market cap of $172.72 million, a price-to-earnings ratio of 4.09 and a beta of 0.56.

Sunlands Technology Group (NYSE:STG) last announced its quarterly earnings data on Thursday, May 22nd. The company reported $0.77 EPS for the quarter. The firm had revenue of $67.20 million during the quarter. Sunlands Technology Group had a return on equity of 53.39% and a net margin of 15.61%.

About Sunlands Technology Group

Sunlands Technology Group, through its subsidiaries, provides online education services through online and mobile platforms in the People's Republic of China. It offers various degree- and diploma-oriented post-secondary courses, including preparation courses for the self-taught higher education examination (STE) for learners pursuing associate diplomas or bachelor's degrees, as well as for the entrance examinations of Master of Business Administration programs.