Puxin (NYSE:NEW) Raised to “Hold” at ValuEngine

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ValuEngine upgraded shares of Puxin (NYSE:NEW) from a sell rating to a hold rating in a report issued on Thursday, ValuEngine reports.

Puxin stock opened at $8.53 on Thursday. Puxin has a 1-year low of $5.00 and a 1-year high of $14.04. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.37 and a current ratio of 0.37. The stock’s fifty day moving average is $8.30 and its two-hundred day moving average is $7.40.

Puxin (NYSE:NEW) last posted its quarterly earnings results on Tuesday, August 13th. The company reported ($0.30) earnings per share for the quarter. Puxin had a negative net margin of 30.00% and a negative return on equity of 126.33%. The business had revenue of $92.20 million during the quarter.

A number of institutional investors have recently bought and sold shares of NEW. Resources Investment Advisors LLC. purchased a new stake in shares of Puxin during the 2nd quarter valued at $276,000. Ward Ferry Management BVI Ltd grew its stake in shares of Puxin by 62.1% during the 2nd quarter. Ward Ferry Management BVI Ltd now owns 2,439,638 shares of the company’s stock valued at $15,321,000 after buying an additional 934,600 shares during the period. Citadel Advisors LLC purchased a new stake in shares of Puxin during the 2nd quarter valued at $332,000. Finally, Jane Street Group LLC purchased a new stake in shares of Puxin during the 2nd quarter valued at $622,000. Institutional investors own 9.37% of the company’s stock.

Puxin Company Profile

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.

Further Reading: What are Institutional Investors?

To view ValuEngine’s full report, visit ValuEngine’s official website.

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