Bright Scholar Education (NYSE:BEDU) Stock Price Down 0.5%

Bright Scholar Education Holdings Limited (NYSE:BEDU) shares dropped 0.5% on Monday . The company traded as low as $1.81 and last traded at $1.83. Approximately 16,093 shares changed hands during mid-day trading, an increase of 29% from the average daily volume of 12,441 shares. The stock had previously closed at $1.84.

Analyst Upgrades and Downgrades

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

Bright Scholar Education Stock Up 6.0 %

The firm’s fifty day moving average price is $1.99 and its 200-day moving average price is $1.52.

Bright Scholar Education (NYSE:BEDU) last released its quarterly earnings results on Monday, February 5th. The company reported $0.28 earnings per share for the quarter. The company 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 Bright Scholar Education Holdings Limited (NYSE:BEDU) by 105.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,145 shares of the company’s stock after purchasing an additional 13,396 shares during the quarter. Maven Securities LTD’s holdings in Bright Scholar Education were worth $63,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 26.05% of the stock is currently owned by institutional investors and hedge funds.

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.