Puxin (NYSE:NEW) Shares Up 7.3%
Puxin Limited (NYSE:NEW)’s share price shot up 7.3% on Thursday . The stock traded as high as $5.75 and last traded at $5.73, 189,595 shares changed hands during mid-day trading. A decline of 16% from the average session volume of 225,823 shares. The stock had previously closed at $5.34.
Several brokerages recently weighed in on NEW. Goldman Sachs Group set a €40.50 ($47.09) price objective on Koninklijke Philips and gave the company a “buy” rating in a report on Tuesday, May 7th. DA Davidson raised Domtar from a “neutral” rating to a “buy” rating in a report on Thursday, May 2nd.
The company has a debt-to-equity ratio of 1.43, a current ratio of 0.40 and a quick ratio of 0.39. The stock’s fifty day moving average price is $6.25.
An institutional investor recently bought a new position in Puxin stock. Citigroup Inc. acquired a new stake in Puxin Limited (NYSE:NEW) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 35,700 shares of the company’s stock, valued at approximately $211,000. 7.80% of the stock is currently owned by institutional investors and hedge funds.
Puxin Company Profile (NYSE:NEW)
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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