New Oriental Education
Beijing, the People's Republic of China headquartered New Oriental Education & Technology Group Inc.'s shares declined 0.93%, closing Tuesday's trading session at $47.74. The stock recorded a trading volume of 1.47 million shares. Shares of the Company have advanced 13.02% in the last month, 2.01% in the previous three months, and 13.40% since the start of this year. The stock is trading 2.51% above its 50-day moving average and 8.93% above its 200-day moving average. Additionally, shares of New Oriental Education & Technology Group, which provides private educational services under the New Oriental brand in the People's Republic of China, have a Relative Strength Index (RSI) of 52.37.
On January 17th, 2017, the Company reported that total net revenues increased by 22.7% y-o-y to US$341.2 million in Q2 FY17. The Company's operating income was US$0.2 million in Q2 FY17 compared to a loss from operations of US$10.4 million in Q2 FY16. Net income attributed to New Oriental increased by 76.1% y-o-y to US$10.4 million in Q2 FY17.
Yesterday, research firm Bank of America/ Merrill initiated a 'Neutral' rating on the Company's stock. Visit us today and download your complete report on EDU for free at:
Houghton Mifflin Harcourt
On Tuesday, shares in Boston, Massachusetts headquartered Houghton Mifflin Harcourt Co. recorded a trading volume of 363,895 shares. The stock rose 0.47%, ending the day at $10.60. The Company's shares are trading below their 50-day moving average by 3.84%. Furthermore, shares of Houghton Mifflin Harcourt, which provides content, services, and technology for educational institutions and consumers worldwide, have an RSI of 39.61.
On December 22nd, 2016, Houghton Mifflin Harcourt announced that Daniel Allen, the President and a partner of Anchorage Capital Group, L.L.C., has been appointed to the Company's Board of Directors, bringing the board's membership to nine directors. Anchorage is the investment manager to Houghton Mifflin Harcourt's largest shareholder, which beneficially owns approximately 16.62% of the Company's common stock, taking into account shares to be acquired upon exercise of warrants. Allen's appointment is pursuant to a nomination agreement between Houghton Mifflin Harcourt and the Anchorage's shareholders. The complimentary research report on HMHC can be accessed at:
Downers Grove, Illinois headquartered DeVry Education Group Inc.'s stock finished the day 0.15% lower at $32.90 with a total trading volume of 818,412 shares. The Company's shares have gained 3.62% in the last one month, 46.08% over the previous three months, and 5.45% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 6.84% and 42.81%, respectively. Additionally, shares of DeVry Education Group, which provides educational services worldwide, have an RSI of 56.98.
On January 20th, 2017, DeVry Education announced that it will hold a conference call to discuss its Q2 FY17 financial results on February 02nd, 2017 at 5:00 p.m. ET. The conference call will be led by Lisa Wardell, President and CEO; and Patrick Unzicker, CFO. Register for free on Stock-Callers.com and download the PDF research report on DV at:
Shares in Phoenix, Arizona headquartered Apollo Education Group Inc. ended yesterday's session 0.50% higher at $10.00. The stock recorded a trading volume of 635,767 shares. The Company's shares have advanced 0.91% in the last one month, 12.74% in the previous three months, and 1.01% since the start of this year. The stock is trading 3.14% and 12.21% above its 50-day and 200-day moving averages, respectively. Moreover, shares of Apollo Education Group, which provides private education services in the US and internationally, have an RSI of 62.06.
As per a SEC filing dated January 24th, 2017, the Higher Learning Commission ("HLC"), the principal accreditor of University of Phoenix and Apollo's other domestically accredited institutions, notified on January 23rd, 2017, that it had approved the change of control applications filed by the Company's HLC accredited institutions in connection with Apollo's pending merger with AP VIII Queso Holdings, L.P. Subject to the satisfaction of all other closing conditions set forth in the Merger Agreement, Apollo expects to consummate the Merger on February 01st, 2017. Get free access to your research report on APOL at:
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