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New Oriental (EDU) Jumps: Stock Rises 7.8%

Zacks Equity Research

New Oriental Education & Technology Group Inc. EDU was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session.  This continues the recent uptrend for the company as the stock is now up 65.9% in the past one-month time frame.

The move came after the company reported solid fiscal second-quarter 2018 results (ended Nov 30, 2018).

The company has seen a mixed track record when it comes to estimate revision of one increase and no decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

New Oriental currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

New Oriental Education & Technology Group, Inc. Price

New Oriental Education & Technology Group, Inc. Price | New Oriental Education & Technology Group, Inc. Quote

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Investors interested in the Schools industry may consider Strategic Education, Inc. STRA, which has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is EDU going up? Or down? Predict to see what others think: Up or Down

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