Bright Scholar Education (NYSE:BEDU) Announces Quarterly Earnings Results

Bright Scholar Education (NYSE:BEDU) released its quarterly earnings data on Friday. The company reported $0.03 earnings per share for the quarter, reports. The firm had revenue of $72.45 million during the quarter.

Bright Scholar Education Stock Performance

Bright Scholar Education stock opened at $1.91 on Monday. The stock has a fifty day moving average of $1.99 and a two-hundred day moving average of $1.53. The company has a market capitalization of $56.78 million, a price-to-earnings ratio of -1.23 and a beta of 0.53. Bright Scholar Education has a fifty-two week low of $0.81 and a fifty-two week high of $3.23.

Hedge Funds Weigh In On Bright Scholar Education

An institutional investor recently raised its position in Bright Scholar Education stock. Maven Securities LTD increased its holdings in Bright Scholar Education Holdings Limited (NYSE:BEDU) by 105.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,145 shares of the company’s stock after purchasing an additional 13,396 shares during the period. Maven Securities LTD’s holdings in Bright Scholar Education were worth $63,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 26.05% of the company’s stock.

Wall Street Analyst Weigh In

Separately, TheStreet downgraded Bright Scholar Education from a “c-” rating to a “d-” rating in a research report on Monday, February 5th.

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.