New Oriental Education & Technology Group (NYSE:EDU) Reaches New 1-Year Low - What's Next?

New Oriental Education & Technology Group Inc. (NYSE:EDU - Get Free Report)'s stock price hit a new 52-week low during trading on Tuesday . The company traded as low as $50.67 and last traded at $45.74, with a volume of 790110 shares changing hands. The stock had previously closed at $60.84.

Analyst Ratings Changes

EDU has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of New Oriental Education & Technology Group from a "sell" rating to a "hold" rating in a report on Thursday, October 24th. Morgan Stanley set a $83.00 price target on New Oriental Education & Technology Group in a research report on Thursday, October 17th.

New Oriental Education & Technology Group Stock Performance

The business's 50 day moving average price is $60.80 and its two-hundred day moving average price is $65.42. The company has a market capitalization of $7.92 billion, a price-to-earnings ratio of 19.94 and a beta of 0.44.

New Oriental Education & Technology Group (NYSE:EDU - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.33 by $0.27. New Oriental Education & Technology Group had a net margin of 8.38% and a return on equity of 9.43%. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the prior year, the firm earned $0.99 EPS. The firm's quarterly revenue was up 30.5% on a year-over-year basis. On average, sell-side analysts expect that New Oriental Education & Technology Group Inc. will post 2.94 earnings per share for the current year.

Hedge Funds Weigh In On New Oriental Education & Technology Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of New Oriental Education & Technology Group by 14.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,658 shares of the company's stock worth $126,000 after buying an additional 206 shares during the period. Blue Trust Inc. boosted its stake in New Oriental Education & Technology Group by 155.5% in the third quarter. Blue Trust Inc. now owns 2,052 shares of the company's stock valued at $160,000 after acquiring an additional 1,249 shares during the last quarter. Hancock Whitney Corp acquired a new position in shares of New Oriental Education & Technology Group in the 2nd quarter valued at $212,000. SG Americas Securities LLC acquired a new stake in shares of New Oriental Education & Technology Group during the fourth quarter worth $272,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in New Oriental Education & Technology Group in the third quarter valued at about $297,000.

About New Oriental Education & Technology Group

New Oriental Education & Technology Group, Inc is a holding company, which engages in the provision of private educational services. It operates through the following segments: Educational Services and Test Preparation Courses, Private Label Products and Livestreaming E-Commerce, Overseas Study Consulting Services, and Educational Materials and Distribution.