New Oriental Education & Technology Group (NYSE:EDU) Hits New 12-Month Low – Should You Sell?

New Oriental Education & Technology Group Inc. (NYSE:EDU) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $44.06 and last traded at $44.75, with a volume of 51137 shares. The stock had previously closed at $47.79.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Macquarie lowered shares of New Oriental Education & Technology Group from an “outperform” rating to an “underperform” rating and dropped their price objective for the company from $79.00 to $44.00 in a report on Wednesday, January 22nd. StockNews.com lowered New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a report on Thursday, March 13th. Morgan Stanley downgraded New Oriental Education & Technology Group from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $83.00 to $52.00 in a report on Wednesday, January 22nd. Citigroup cut shares of New Oriental Education & Technology Group from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $83.00 to $50.00 in a report on Friday, January 24th. Finally, China Renaissance cut shares of New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a report on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $61.20.

New Oriental Education & Technology Group Stock Performance

The firm’s 50 day simple moving average is $49.40 and its 200-day simple moving average is $58.40. The company has a market cap of $7.52 billion, a price-to-earnings ratio of 19.14 and a beta of 0.37.

Institutional Trading of New Oriental Education & Technology Group

Several large investors have recently bought and sold shares of the business. GeoWealth Management LLC grew its position in shares of New Oriental Education & Technology Group by 258.5% in the fourth quarter. GeoWealth Management LLC now owns 441 shares of the company’s stock valued at $28,000 after purchasing an additional 318 shares in the last quarter. Westpac Banking Corp purchased a new stake in New Oriental Education & Technology Group in the 4th quarter valued at $45,000. SBI Securities Co. Ltd. acquired a new stake in shares of New Oriental Education & Technology Group in the 4th quarter worth $51,000. Natixis raised its holdings in shares of New Oriental Education & Technology Group by 39.2% during the 4th quarter. Natixis now owns 881 shares of the company’s stock worth $57,000 after acquiring an additional 248 shares during the period. Finally, BNP Paribas purchased a new stake in shares of New Oriental Education & Technology Group in the fourth quarter valued at about $113,000.

New Oriental Education & Technology Group Company Profile

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.