Bright Scholar Education (NYSE:BEDU) Shares Down 0.5%

Bright Scholar Education Holdings Limited (NYSE:BEDU) shares traded down 0.5% on Monday . The stock traded as low as $1.81 and last traded at $1.83. 16,093 shares were traded during trading, an increase of 29% from the average session volume of 12,441 shares. The stock had previously closed at $1.84.

Wall Street Analyst Weigh In

Separately, TheStreet lowered shares of Bright Scholar Education from a “c-” rating to a “d-” rating in a research report on Monday, February 5th.

Bright Scholar Education Stock Down 0.5 %

The company’s fifty day simple moving average is $1.98 and its 200 day simple moving average is $1.51.

Bright Scholar Education (NYSE:BEDU) last issued its quarterly earnings data on Monday, February 5th. The company reported $0.28 earnings per share (EPS) for the quarter. The business had revenue of $80.26 million during the quarter.

Institutional Trading of Bright Scholar Education

An institutional investor recently raised its position in Bright Scholar Education stock. Maven Securities LTD lifted its stake in shares of Bright Scholar Education Holdings Limited (NYSE:BEDU) by 105.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 26,145 shares of the company’s stock after acquiring an additional 13,396 shares during the period. Maven Securities LTD’s holdings in Bright Scholar Education were worth $63,000 as of its most recent SEC filing. 26.05% of the stock is currently owned by hedge funds and other institutional investors.

Bright Scholar Education Company Profile

Bright Scholar Education Holdings Limited, an education service provider, operates and provides K-12 schools and complementary education services in China, Hong Kong, Canada, the United States, and the United Kingdom. The company operates in three segments: Overseas Schools; Complementary Education Services; and Domestic Kindergartens and K-12 Operation Services.