|Bid||12.40 x 1100|
|Ask||12.45 x 1000|
|Day's range||11.11 - 12.63|
|52-week range||8.40 - 120.50|
|Beta (5Y monthly)||0.80|
|PE ratio (TTM)||N/A|
|Earnings date||26 Apr 2022|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||01 Sept 2017|
|1y target est||31.73|
News that the Chinese government is getting ready to wrap up its years-long crackdown on the country's tech stocks, and shift toward supporting the sector instead, sparked a rally in Chinese equities Friday morning. As of 10:50 a.m. ET, shares of Gaotu Techedu (NYSE: GOTU) are up 9.9%, New Oriental Education & Technology Group (NYSE: EDU) is gaining 10.9%, and TAL Education Group (NYSE: TAL) is leading the sector higher with an 11.2% gain. China's economy grew only 4.8% in the first quarter of 2022, slower than the government's targeted 5.5% growth rate for this year -- and according to the International Monetary Fund, rather than improving, the economy looks likely to slow further as the year wears on.
Good evening and thank you for standing by for New Oriental's FY 2022 third quarter results earnings conference call. Today, you will hear from Stephen Yang, executive president and chief financial officer.
Investors need to pay close attention to New Oriental (EDU) stock based on the movements in the options market lately.