TAL Education Group (NYSE:TAL) Stock Crosses Above 200-Day Moving Average – Should You Sell?

TAL Education Group (NYSE:TAL) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.99 and traded as high as $10.02. TAL Education Group shares last traded at $9.91, with a volume of 3,882,372 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of TAL Education Group from a “sell” rating to a “hold” rating in a research note on Monday, October 28th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, TAL Education Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.80.

TAL Education Group Stock Performance

The company has a market capitalization of $5.99 billion and a PE ratio of 90.09. The stock’s fifty day simple moving average is $10.51 and its 200-day simple moving average is $9.99.

TAL Education Group (NYSE:TAL) last released its earnings results on Thursday, October 24th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.03. TAL Education Group had a return on equity of 1.97% and a net margin of 3.94%. The firm had revenue of $619.36 million for the quarter, compared to the consensus estimate of $609.51 million. During the same period in the prior year, the business posted $0.06 earnings per share. On average, equities analysts anticipate that TAL Education Group will post 0.17 EPS for the current year.

Institutional Trading of TAL Education Group

Several institutional investors have recently made changes to their positions in TAL. Scientech Research LLC purchased a new stake in TAL Education Group during the second quarter valued at about $834,000. EverSource Wealth Advisors LLC boosted its holdings in TAL Education Group by 93.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,517 shares of the company’s stock worth $45,000 after acquiring an additional 2,186 shares during the period. SIH Partners LLLP acquired a new stake in TAL Education Group in the second quarter valued at approximately $313,000. Point72 Hong Kong Ltd purchased a new position in shares of TAL Education Group in the second quarter valued at $35,429,000. Finally, Skandinaviska Enskilda Banken AB publ grew its holdings in TAL Education Group by 11.1% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 60,063 shares of the company’s stock valued at $641,000 after purchasing an additional 6,000 shares in the last quarter. 37.79% of the stock is owned by hedge funds and other 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.