Aspen Group (ASPU) Sets New 12-Month Low at $5.01
Aspen Group Inc (NASDAQ:ASPU) shares hit a new 52-week low during trading on Tuesday . The company traded as low as $5.01 and last traded at $5.09, with a volume of 100 shares trading hands. The stock had previously closed at $5.19.
ASPU has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Aspen Group from a “sell” rating to a “hold” rating in a research report on Wednesday, September 26th. ValuEngine downgraded shares of Aspen Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 7th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Aspen Group currently has a consensus rating of “Buy” and an average target price of $10.25.
The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.80 and a current ratio of 2.81. The stock has a market capitalization of $97.76 million, a P/E ratio of -13.23 and a beta of 0.90.
In other Aspen Group news, Director Malcolm F. Iv Maclean bought 4,909 shares of the firm’s stock in a transaction on Friday, October 5th. The stock was bought at an average cost of $6.59 per share, with a total value of $32,350.31. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders acquired 11,296 shares of company stock valued at $77,411 over the last three months. Insiders own 19.40% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. William Blair Investment Management LLC bought a new stake in Aspen Group in the third quarter worth approximately $7,799,000. Russell Investments Group Ltd. boosted its holdings in shares of Aspen Group by 54.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 510,558 shares of the technology company’s stock worth $3,471,000 after buying an additional 180,151 shares during the period. Unterberg Capital LLC boosted its holdings in shares of Aspen Group by 35.4% during the 2nd quarter. Unterberg Capital LLC now owns 451,909 shares of the technology company’s stock worth $3,376,000 after buying an additional 118,263 shares during the period. Water Island Capital LLC bought a new stake in shares of Aspen Group during the 3rd quarter worth $14,563,000. Finally, P.A.W. Capital Corp boosted its holdings in shares of Aspen Group by 12.2% during the 2nd quarter. P.A.W. Capital Corp now owns 230,000 shares of the technology company’s stock worth $1,718,000 after buying an additional 25,000 shares during the period. 25.57% of the stock is owned by institutional investors.
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Aspen Group Company Profile (NASDAQ:ASPU)
Aspen Group, Inc provides online higher education services in the United States. The company offers certificate programs; and associate, bachelor's, master's, and doctoral degree programs in a range of areas, including nursing, education, business, technology, management, health sciences, and professional and extended studies.
Further Reading: Return on Equity (ROE)
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