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

TAL Education Group (NYSE:TAL)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $11.25 and traded as high as $13.74. TAL Education Group shares last traded at $13.72, with a volume of 4,128,020 shares.

Analyst Ratings Changes

Several brokerages recently commented on TAL. UBS Group upped their price target on shares of TAL Education Group from $16.40 to $17.20 and gave the company a “buy” rating in a report on Friday, January 24th. StockNews.com upgraded TAL Education Group from a “sell” rating to a “hold” rating in a research report on Friday, January 24th.

TAL Education Group Price Performance

The firm has a market capitalization of $7.44 billion, a P/E ratio of 64.71 and a beta of 0.06. The firm has a 50-day moving average price of $13.38 and a two-hundred day moving average price of $11.30.

Institutional Investors Weigh In On TAL Education Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System increased its position in shares of TAL Education Group by 37.1% during the fourth quarter. California State Teachers Retirement System now owns 254,292 shares of the company’s stock worth $2,548,000 after acquiring an additional 68,847 shares during the period. GF Fund Management CO. LTD. purchased a new position in TAL Education Group during the 4th quarter worth $7,096,000. Neo Ivy Capital Management bought a new stake in TAL Education Group during the 4th quarter valued at $1,885,000. Vise Technologies Inc. purchased a new stake in shares of TAL Education Group in the 4th quarter worth $181,000. Finally, CoreView Capital Management Ltd bought a new position in shares of TAL Education Group during the 4th quarter worth $15,920,000. Institutional investors own 37.79% of the company’s stock.

About TAL Education Group

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.