RISE Education Cayman (NASDAQ:REDU) Shares Up 138.5%

RISE Education Cayman Ltd (NASDAQ:REDUGet Rating)’s stock price shot up 138.5% on Thursday . The stock traded as high as $5.50 and last traded at $3.41. 55,574 shares changed hands during trading, a decline of 63% from the average session volume of 150,327 shares. The stock had previously closed at $1.43.

The company has a fifty day moving average price of $5.82 and a two-hundred day moving average price of $4.15. The firm has a market cap of $202.04 million, a P/E ratio of -24.36 and a beta of 0.65.

An institutional investor recently raised its position in RISE Education Cayman stock. Renaissance Technologies LLC lifted its position in shares of RISE Education Cayman Ltd (NASDAQ:REDUGet Rating) by 14.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 381,650 shares of the company’s stock after buying an additional 49,578 shares during the period. Renaissance Technologies LLC owned about 0.64% of RISE Education Cayman worth $322,000 at the end of the most recent quarter. Institutional investors and hedge funds own 0.99% of the company’s stock.

About RISE Education Cayman (NASDAQ:REDU)

RISE Education Cayman Ltd, through its subsidiaries, provides junior English language training services under the RISE brand in China, Hong Kong, and Singapore. The company offers a range of educational programs, services, and products, which primarily include educational courses, sale of course materials, franchise services, and study tours.

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