TAL Education Group (NYSE:TAL) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Shares of TAL Education Group (NYSE:TAL) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.46 and traded as high as $12.97. TAL Education Group shares last traded at $12.42, with a volume of 5,193,365 shares traded.

Wall Street Analyst Weigh In

TAL has been the subject of several research analyst reports. UBS Group boosted their price objective on shares of TAL Education Group from $16.40 to $17.20 and gave the stock a “buy” rating in a research report on Friday, January 24th. StockNews.com upgraded shares of TAL Education Group from a “sell” rating to a “hold” rating in a research report on Friday, January 24th.

TAL Education Group Trading Down 3.9 %

The stock’s 50 day moving average price is $11.66 and its 200 day moving average price is $10.46. The company has a market capitalization of $7.51 billion, a price-to-earnings ratio of 65.37 and a beta of 0.02.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TAL. SBI Securities Co. Ltd. bought a new position in TAL Education Group in the 4th quarter valued at about $40,000. Point72 DIFC Ltd bought a new position in TAL Education Group in the 3rd quarter valued at about $48,000. iA Global Asset Management Inc. acquired a new position in shares of TAL Education Group during the 4th quarter worth approximately $79,000. Blue Trust Inc. grew its position in shares of TAL Education Group by 28.1% during the 4th quarter. Blue Trust Inc. now owns 9,843 shares of the company’s stock worth $99,000 after purchasing an additional 2,158 shares in the last quarter. Finally, Dark Forest Capital Management LP acquired a new position in shares of TAL Education Group during the 4th quarter worth approximately $114,000. 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.