Price Crosses Moving Average
|Bid||113.44 x 1000|
|Ask||114.05 x 900|
|Day's Range||112.64 - 115.90|
|52 Week Range||81.90 - 142.38|
|Beta (5Y Monthly)||1.32|
|PE Ratio (TTM)||40.79|
|Earnings Date||Jul 21, 2020 - Jul 27, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Sep 01, 2017|
|1y Target Est||143.23|
It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...
Short seller Muddy Waters claimed almost all of online-only GSX Techedu's purported students are not real. The China stock sold off Monday.
(Bloomberg Opinion) -- Just like the tens of millions of migrant workers stranded by China’s coronavirus lockdowns, hundreds of mainland companies listed in the U.S. are stuck, unable to go home and without a future in their adopted land. They make perfect prey for short sellers.The climate in the U.S. is getting uncomfortable for China Inc. President Donald Trump has renewed his trade-war rhetoric while pointing fingers at Beijing for the Covid-19 outbreak. On Monday, his administration asked a government pension fund to block investment in Chinese stocks. Meanwhile, the spectacular admission that Luckin Coffee Inc., the upstart rival to Starbucks Corp., faked its sales figures has ripped open age-old doubts about accounting standards.Unfortunately, even if these businesses wanted to prove they’re fraud-free, Beijing’s new securities law forbids cooperation with U.S. regulators.Unlike most other nations, China doesn’t allow the Public Company Accounting Oversight Board — an auditor of auditors, set up after the Enron scandal — to inspect the work papers of its U.S.-listed companies. The Securities and Exchange Commission has issued warnings about the quality of these reviews, even when the industry’s biggest names are signing the annual reports (as was the case with Luckin). SEC Chairman Jay Clayton singled China out in a public statement late last month.The SEC has good reason to be annoyed, as Beijing’s tough stance has only hardened with a new law that took effect in March. Item 177 states that overseas regulators can’t directly inspect or collect evidence on Chinese soil. In addition, domestic companies aren’t allowed to provide any relevant supporting documents without permission. As a result, the cloud of suspicion over these businesses will only grow darker. Even the most well-meaning among them won’t be able to prove otherwise.Going home was always the grand slogan whenever China Inc. felt mistreated or undervalued abroad. The nation’s stock frenzy in the first half of 2015 saw a wave of take-private deals, to the tune of $24 billion, as companies trading in New York rushed to go public in Shanghai or Shenzhen. The timing seems ripe again, especially now that mainland exchanges and Hong Kong both allow secondary listings.But there’s a new problem: China doesn’t want these companies back. Its bourses’ secondary listing requirements rule out most small caps. Hong Kong, for instance, demands that companies need to already have a market cap over $5.2 billion, or barring that, $129 million in annual sales and a market cap of at least $1.3 billion.As for China, secondary listing rules released last month are intriguing. Beijing relented on its obsession with blue chips — the required market cap was lowered to $2.8 billion from $28 billion. There’s a catch, though. Smaller companies must have “independent research,” “world-leading technology” and an “edge” in their field. In other words, don’t bother if you’re sub-scale. The likes of e-commerce retailer Vipshop Holdings Ltd., online dating app Momo Inc. or after-school education provider New Oriental Education & Technology Group Inc. can stay put. What China wants is hard tech that spends millions on research and specializes in semiconductors and artificial intelligence.Alibaba Group Holding Ltd. has become the face of China for retail investors in New York, while e-commerce operator Pinduoduo Inc. and social video site Bilibili Inc. have become hedge fund playthings. Yet hundreds of more obscure names list in the U.S. Of the 335 stocks, only 27 have a market cap of more than $2.8 billion, data compiled by Bloomberg show, and most would still need to pass Beijing’s “edge” test. As for Hong Kong, less than 40 stocks are eligible for a dual listing.Will Beijing allow hundreds of its companies stranded overseas to languish? You bet. If you can’t make it in New York, Shanghai isn’t for you either, the thinking goes. As China looks to build its FANG equivalent — the big names that give the U.S. tech supremacy — more obscure mainland rivals will be forgotten. Except, of course, by short sellers.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Shuli Ren is a Bloomberg Opinion columnist covering Asian markets. She previously wrote on markets for Barron's, following a career as an investment banker, and is a CFA charterholder.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Shares of New Oriental Educational & Technology Group (NYSE: EDU) were climbing higher last month after the Chinese provider of tutoring and test-prep services reported better-than-expected earnings in its third quarter, and benefited from a number of positive analyst notes in the period. According to data from S&P Global Market Intelligence, the stock finished the month up 17%. New Oriental stock popped 4% on April 7 as it was upgraded to conviction buy from buy at Goldman Sachs.
TAL Education missed fiscal Q4 views and guided Q1 revenue low after fraud allegations emerged on the Chinese after-school tutoring company.
New Oriental Education & Technology shows improving price performance, earning an upgrade to its IBD Relative Strength Rating from 80 to 88.
Investors in New Oriental Education & Technology Group Inc. (NYSE:EDU) had a good week, as its shares rose 2.9% to...
New Oriental Education earnings beat fiscal Q3 views, but the top China stock gave weak revenue guidance. EDU stock closed higher.
Shares of New Oriental Education (NYSE:EDU) declined 3% in pre-market trading after the company reported Q3 results.Quarterly Results Earnings per share rose 34.78% year over year to $0.93, which beat the estimate of $0.79.Revenue of $923,221,000 up by 15.88% year over year, which beat the estimate of $918,650,000.Outlook Earnings guidance hasn't been issued by the company for now.Q4 revenue expected to be between $774,000,000 and $806,200,000.Details Of The Call Date: Apr 21, 2020View more earnings on EDUTime: 10:03 AM ETWebcast URL: https://apac.directeventreg.com/der/toRegistration.actionPrice Action 52-week high: $142.3852-week low: $80.18Price action over last quarter: down 17.54%Company Profile New Oriental Education & Technology Group Inc is a provider of private educational services in China. Its reportable segments include language training and test preparation. The company offers education for a lifetime, teaching skills that give students a crucial competitive advantage in the workplace and help improve their quality of life. Its wide range of educational programs, services, and products includes English and other foreign language training, overseas and domestic test preparation courses, all-subjects after-school tutoring, primary and secondary school education, educational content and software as well as online education.See more from Benzinga * Recap: Comerica Q1 Earnings * Fifth Third Bancorp: Q1 Earnings Insights * Recap: Peoples Bancorp Q1 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
New Oriental Education & Technology Group Inc. (the "Company" or "New Oriental") (NYSE: EDU), the largest provider of private educational services in China, today announced its unaudited financial results for the third fiscal quarter ended February 29, 2020, which is the third quarter of New Oriental's fiscal year 2020.
Today we'll look at New Oriental Education & Technology Group Inc. (NYSE:EDU) and reflect on its potential as an...
New Oriental Education & Technology sees its Relative Strength Rating reach the elite 90-plus level.
TAL Education dived late after the Chinese educator said it's probing sales fraud. Last week Luckin Coffee said it's eying $300 million in "fabricated sales."
New Oriental Education and Technology Group Inc. (the "Company" or "New Oriental") (NYSE: EDU), the largest provider of private educational services in China, today announced that it will report its financial results for the third quarter ended February 29, 2020, before the U.S. market opens on April 21, 2020. New Oriental's management will host an earnings conference call at 8 AM on April 21, 2020, U.S. Eastern Time (8 PM on April 21, 2020, Beijing/Hong Kong Time). Participants can join the conference using the below options:
Online education may help students continue their course as schools remain closed to prevent coronavirus spread. Here are five stocks that can gain in this scenario.
Coronavirus is probably the 1 concern in investors’ minds right now. It should be. On February 27th we publish an article with the title "Recession is Imminent: We Need A Travel Ban NOW". We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
As the coronavirus news spreads fear and panic on Wall Street, stock market volatility tests investor psychology. And wild stock market swings have investors questioning how to handle stocks on the IBD Breakout Stocks Index, such as Netflix (NFLX), ZTO Express (ZTO), and New Oriental Education & Technology (EDU). The sharp stock market sell-off caused by the coronavirus crisis has...
Let's talk about the popular New Oriental Education & Technology Group Inc. (NYSE:EDU). The company's shares saw...