TAL Education Group (NYSE:TAL) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

TAL Education Group (NYSE:TAL) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.77 and traded as high as $11.55. TAL Education Group shares last traded at $11.24, with a volume of 6,560,540 shares changing hands.

Wall Street Analyst Weigh In

Separately, Citigroup cut TAL Education Group from a “buy” rating to a “neutral” rating and cut their target price for the stock from $13.40 to $11.54 in a report on Friday, June 27th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $12.66.

TAL Education Group Trading Up 0.4%

The business’s fifty day moving average is $10.84 and its 200 day moving average is $10.77. The company has a market cap of $6.84 billion, a P/E ratio of 66.12, a PEG ratio of 1.02 and a beta of 0.10.

Institutional Trading of TAL Education Group

Institutional investors have recently modified their holdings of the business. Atlas Capital Advisors Inc. bought a new stake in TAL Education Group during the first quarter valued at $29,000. Headlands Technologies LLC purchased a new stake in shares of TAL Education Group in the 1st quarter valued at about $99,000. PNC Financial Services Group Inc. boosted its position in shares of TAL Education Group by 19.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 13,983 shares of the company’s stock valued at $143,000 after acquiring an additional 2,268 shares during the last quarter. Vontobel Holding Ltd. purchased a new position in shares of TAL Education Group during the first quarter worth about $153,000. Finally, iA Global Asset Management Inc. grew its holdings in shares of TAL Education Group by 68.1% during the first quarter. iA Global Asset Management Inc. now owns 13,303 shares of the company’s stock worth $176,000 after purchasing an additional 5,390 shares in the last quarter. 37.79% of the stock is currently owned by hedge funds and other institutional investors.

About TAL Education Group

TAL Education Group provides K-12 after-school tutoring services in the People’s Republic of China. It provides learning services primarily through small-classes services; personalized premium services; and learning content solutions, such as print books, smart books, mobile apps, and AI-driven learning devices.