TAL Education Group (NYSE:TAL) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

TAL Education Group (NYSE:TAL) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 Upgrades and Downgrades

A number of equities research analysts have issued reports on TAL shares. StockNews.com raised shares of TAL Education Group from a “sell” rating to a “hold” rating in a report on Friday, January 24th. UBS Group boosted their price objective on TAL Education Group from $16.40 to $17.20 and gave the company a “buy” rating in a research note on Friday, January 24th.

TAL Education Group Stock Performance

The company’s 50 day simple moving average is $13.32 and its 200-day simple moving average is $11.25. The firm has a market capitalization of $8.30 billion, a PE ratio of 72.21 and a beta of 0.06.

Hedge Funds Weigh In On TAL Education Group

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