Shares last traded at $25.68 quite a bit higher than the 50 day moving average of $19.94 and which is impressively higher than the 200 day moving average of $19.92. The 50 day moving average went up $5.74 or +28.81% whereas the 200 day average was up by +28.92%. Trading was heavy with 59K shares changing hands by the end of trading on Tuesday. Trading volume was up 53.02% over the stocks average daily volume.
Investors are more bullish on Hailiang Education Group Inc. – recently if you take into consideration the decrease in short interest. The firm saw a fall in short interest from September 29, 2017 to October 13, 2017 of -19.22%. Short shares fell 2,951 over that timeframe. Days to cover decreased from 1.0 to 0.0 and the percentage of shorted shares is 0.00% as of October 13.
A few notable investment firms have updated their holdings. As of quarter end Tower Research Capital LLC (trc) had sold 689 shares trimming its holdings by 89.5%. The value of the company’s investment in Hailiang Education Group Inc. – went from $7,000 to $1,000 a change of $6,000 quarter over quarter. Ubs Group Ag cut its ownership by shedding 1,211 shares a decrease of 99.6% in the quarter. Ubs Group Ag now holds 5 shares with a value of $0. The value of the position overall is down by 100.0%.
The company’s P/E ratio is 30.68 and the market value is 659.98M.
Hailiang Education Group Inc. is a holding company. The Company, through its subsidiaries Hailiang Education (HK) Limited (Hailiang HK) and Zhejiang Hailiang Education Consulting and Services Co., Ltd. (Hailiang Consulting), and consolidated affiliated entities, Zhejiang Hailiang Education Investment Co., Ltd. (Hailiang Investment), Zhuji Hailiang Foreign Language School (Foreign Language), Zhuji Private High School (Private High) and Zhuji Tianma Experimental School (Tianma Experimental), is principally engaged in provision of private K-12 educational services. These schools are located in Zhuji City, Zhejiang province in the People’s Republic of China (the PRC). Through its three schools, it offers educational programs that cover kindergarten through twelfth grade. As of June 30, 2016, the Company had an aggregate number of 18,673 students, including 423 students in kindergarten, 4,004 students in primary school, 4,492 students in middle school, 7,841 students in high school of its basic educational program and 1,913 students in its international program. As of June 30, 2016, its three schools in aggregate had over 854 multi-media classrooms, all with wireless fidelity (Wi-Fi) coverage, over 2,136 computers and tablet computers, 18 sports fields and approximately 2,704 student dormitory rooms. Its students can choose between enrolling in its basic educational program or its international program..