|Bid||0.00 x 800|
|Ask||109.80 x 900|
|Day's Range||102.35 - 105.73|
|52 Week Range||60.50 - 191.82|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
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Language education app Duolingo has chosen animation studio Gunner for its first acquisition. Steering clear of edtech sectors such as massive open online courses, aka Moocs, is a good idea. Animations help Duolingo convince users that learning a new language — a daunting proposition — can be fun.
This high-flying growth stock entered last month at a depressed price, priming it for a spring-loaded recovery.
By acquiring the firm for an undisclosed amount, Duolingo (NASDAQ: DUOL) is hoping to expand the development of its products and branding.