RYB Education (NYSE:RYB) Stock Rating Upgraded by Zacks Investment Research

RYB Education (NYSE:RYB) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “RYB Education, Inc. provides educational services primarily in China. It offer training in subjects and languages, teacher recruitment, guidance, innovative learning, development of children, rating systems, parents consulting and other services. The Company operates kindergarten and pre-schools. RYB Education, Inc. is based in BEIJING, China. “

RYB opened at $2.96 on Tuesday. The stock has a market cap of $82.68 million, a price-to-earnings ratio of -3.05 and a beta of 1.23. The stock’s 50 day moving average price is $2.91 and its 200-day moving average price is $4.11. RYB Education has a one year low of $2.22 and a one year high of $6.90.

RYB Education (NYSE:RYB) last released its earnings results on Thursday, May 28th. The company reported ($0.96) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.92). The business had revenue of $17.32 million for the quarter. RYB Education had a negative net margin of 16.15% and a negative return on equity of 25.22%. As a group, sell-side analysts expect that RYB Education will post -1.49 EPS for the current year.

An institutional investor recently raised its position in RYB Education stock. Renaissance Technologies LLC increased its position in RYB Education Inc – (NYSE:RYB) by 15.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 189,744 shares of the company’s stock after purchasing an additional 26,100 shares during the quarter. Renaissance Technologies LLC owned approximately 0.66% of RYB Education worth $1,034,000 as of its most recent SEC filing. 9.44% of the stock is currently owned by institutional investors and hedge funds.

RYB Education Company Profile

RYB Education, Inc provides early childhood education service in the People's Republic of China. The company offers kindergarten services to 2-6-year-old children; and play-and-learn centers services for the joint participation of 0-6-year-old children and their families to promote children's development and prepare them for their entry into kindergartens and primary schools.

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