Bright Scholar Education (NYSE:BEDU) Trading Up 1.6% – Time to Buy?

Shares of Bright Scholar Education (NYSE:BEDU) were up 1.6% during mid-day trading on Thursday . The stock traded as high as $2.25 and last traded at $2.2450. Approximately 13,691 shares were traded during trading, an increase of 100% from the average daily volume of 6,835 shares. The stock had previously closed at $2.21.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Bright Scholar Education in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Bright Scholar Education presently has a consensus rating of “Sell”.

Bright Scholar Education Price Performance

The company’s 50-day moving average price is $2.18 and its two-hundred day moving average price is $1.93. The company has a market capitalization of $66.71 million, a price-to-earnings ratio of -0.48 and a beta of 0.28.

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.