A number of other analysts have also recently weighed in on NEW. Goldman Sachs Group cut shares of Puxin from a buy rating to a neutral rating and set a $28.43 target price on the stock. in a research note on Tuesday, May 7th. DA Davidson raised shares of Puxin from a neutral rating to a buy rating in a research note on Thursday, May 2nd.
NYSE NEW opened at $6.52 on Wednesday. The company’s 50-day simple moving average is $6.07 and its 200 day simple moving average is $6.95. Puxin has a twelve month low of $5.00 and a twelve month high of $14.60. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.37 and a quick ratio of 0.37.
A number of hedge funds and other institutional investors have recently bought and sold shares of NEW. Ward Ferry Management BVI Ltd increased its stake in Puxin by 62.1% in the second quarter. Ward Ferry Management BVI Ltd now owns 2,439,638 shares of the company’s stock valued at $15,321,000 after acquiring an additional 934,600 shares during the period. Jane Street Group LLC acquired a new position in Puxin in the second quarter valued at about $622,000. Citadel Advisors LLC acquired a new position in Puxin in the second quarter valued at about $332,000. Finally, Resources Investment Advisors LLC. acquired a new position in Puxin in the second quarter valued at about $276,000. 9.95% of the stock is currently owned by institutional investors and hedge funds.
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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