Puxin (NYSE:NEW) Shares Up 7.3%

Puxin Limited (NYSE:NEW) shot up 7.3% on Thursday . The company traded as high as $5.75 and last traded at $5.73, 189,595 shares were traded during trading. A decline of 16% from the average session volume of 225,823 shares. The stock had previously closed at $5.34.

A number of brokerages have recently weighed in on NEW. Goldman Sachs Group set a €40.50 ($47.09) price target on shares of Koninklijke Philips and gave the stock a “buy” rating in a research report on Tuesday, May 7th. DA Davidson raised shares of Domtar from a “neutral” rating to a “buy” rating in a research report on Thursday, May 2nd.

The company has a 50-day simple moving average of $6.25. The company has a current ratio of 0.40, a quick ratio of 0.39 and a debt-to-equity ratio of 1.43.

Puxin (NYSE:NEW) last announced its quarterly earnings results on Monday, May 20th. The company reported ($0.30) earnings per share for the quarter. The firm had revenue of $91.74 million for the quarter. Puxin had a negative return on equity of 89.64% and a negative net margin of 31.06%.

An institutional investor recently bought a new position in Puxin stock. Hillhouse Capital Advisors Ltd. bought a new stake in Puxin Limited (NYSE:NEW) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 490,050 shares of the company’s stock, valued at approximately $2,896,000. Puxin comprises about 0.1% of Hillhouse Capital Advisors Ltd.’s portfolio, making the stock its 27th biggest holding. Hillhouse Capital Advisors Ltd. owned 0.53% of Puxin as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 7.80% of the company’s stock.

Puxin Company Profile (NYSE:NEW)

Puxin Limited, through its subsidiaries, provides after-school education services in China. It offers a range of K-12 and study-abroad tutoring programs designed to help students prepare for admission tests and applications for top schools, universities, and graduate programs in China and other countries.

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