TAL Education Group (NYSE:TAL) Shares Gap Down – Here’s Why

TAL Education Group (NYSE:TAL) gapped down before the market opened on Monday . The stock had previously closed at $14.45, but opened at $13.90. TAL Education Group shares last traded at $13.36, with a volume of 2,253,305 shares.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TAL. StockNews.com upgraded shares of TAL Education Group from a “sell” rating to a “hold” rating in a report on Friday, January 24th. UBS Group boosted their target price on shares of 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 has a market cap of $8.12 billion, a PE ratio of 70.50 and a beta of 0.02. The company has a 50 day simple moving average of $11.26 and a two-hundred day simple moving average of $10.28.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. acquired a new position in shares of TAL Education Group in the fourth quarter worth $40,000. Point72 DIFC Ltd purchased a new position in TAL Education Group in the third quarter valued at about $48,000. Blue Trust Inc. increased its position in TAL Education Group by 134.2% in the 3rd quarter. Blue Trust Inc. now owns 7,685 shares of the company’s stock worth $91,000 after purchasing an additional 4,403 shares during the last quarter. iA Global Asset Management Inc. acquired a new position in TAL Education Group in the 4th quarter worth about $79,000. Finally, DRW Securities LLC purchased a new stake in shares of TAL Education Group during the 3rd quarter worth about $128,000. Institutional investors and hedge funds 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.