TAL Education Group (NYSE:TAL) Stock Passes Above 200 Day Moving Average – Here’s Why

TAL Education Group (NYSE:TAL) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.64 and traded as high as $13.47. TAL Education Group shares last traded at $13.05, with a volume of 5,504,293 shares trading hands.

Analyst Upgrades and Downgrades

Several research firms have commented on TAL. StockNews.com raised shares of TAL Education Group from a “sell” rating to a “hold” rating in a research report on Friday, January 24th. UBS Group upped their price objective on shares of TAL Education Group from $16.40 to $17.20 and gave the stock a “buy” rating in a report on Friday, January 24th.

TAL Education Group Stock Up 1.0 %

The business has a 50-day simple moving average of $12.07 and a 200-day simple moving average of $10.64. The stock has a market cap of $7.89 billion, a P/E ratio of 68.66 and a beta of 0.06.

Institutional Trading of TAL Education Group

Several large investors have recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in TAL Education Group during the 4th quarter worth $40,000. Point72 DIFC Ltd acquired a new position in shares of TAL Education Group during the 3rd quarter worth about $48,000. iA Global Asset Management Inc. bought a new stake in TAL Education Group during the 4th quarter valued at approximately $79,000. Blue Trust Inc. boosted its stake in TAL Education Group by 28.1% during the 4th quarter. Blue Trust Inc. now owns 9,843 shares of the company’s stock valued at $99,000 after purchasing an additional 2,158 shares during the period. Finally, DRW Securities LLC acquired a new stake in TAL Education Group in the 3rd quarter valued at approximately $128,000. 37.79% of the stock is owned by institutional investors.

TAL Education Group Company Profile

TAL Education Group provides K-12 after-school tutoring services in the People’s Republic of China. It provides learning services primarily through small-classes services; personalized premium services; and learning content solutions, such as print books, smart books, mobile apps, and AI-driven learning devices.