Zacks Investment Research lowered shares of RYB Education (NYSE:RYB) from a strong-buy rating to a hold rating in a report released on Tuesday.
According to Zacks, “RYB Education, Inc. provides educational services primarily in China. It offer training in subjects and languages, teacher recruitment, guidance, innovative learning, development of children, rating systems, parents consulting and other services. The Company operates kindergarten and pre-schools. RYB Education, Inc. is based in BEIJING, China. “
A number of other equities analysts have also recently weighed in on the stock. Morgan Stanley raised shares of RYB Education from an equal weight rating to an overweight rating and set a $24.00 price objective for the company in a research report on Tuesday, October 2nd. ValuEngine cut shares of RYB Education from a buy rating to a hold rating in a research report on Wednesday, August 29th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $24.67.
NYSE:RYB opened at $7.14 on Tuesday. The stock has a market capitalization of $210.96 million, a price-to-earnings ratio of 26.44 and a beta of 0.49. RYB Education has a 1-year low of $6.70 and a 1-year high of $23.79.
A number of large investors have recently bought and sold shares of RYB. BlackRock Inc. boosted its position in RYB Education by 2,686.1% in the 2nd quarter. BlackRock Inc. now owns 7,439 shares of the company’s stock valued at $146,000 after buying an additional 7,172 shares during the last quarter. Citadel Advisors LLC purchased a new position in RYB Education in the 2nd quarter valued at about $280,000. Bank of America Corp DE boosted its position in RYB Education by 9.5% in the 2nd quarter. Bank of America Corp DE now owns 162,118 shares of the company’s stock valued at $3,185,000 after buying an additional 14,073 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in RYB Education by 3,508.5% in the 3rd quarter. Wells Fargo & Company MN now owns 54,127 shares of the company’s stock valued at $1,140,000 after buying an additional 52,627 shares during the last quarter. 13.67% of the stock is owned by institutional investors.
RYB Education Company Profile
RYB Education, Inc provides early childhood education service in the People's Republic of China. The company offers kindergarten services to 2-6-year-old children; and play-and-learn centers services for the joint participation of 0-6-year-old children and their families to promote children's development and prepare them for their entry into kindergartens and primary schools.
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