NEW YORK (
) is trading at unusually high volume Tuesday with two million shares changing hands. It is currently at 4.7 times its average daily volume and trading up 65 cents (+2.4%) at $28.23 as of 3:59 p.m. ET.
New Oriental Education & Technology Group I has a market cap of $4.3 billion and is part of the
industry. Shares are up 4.5% year to date as of the close of trading on Monday.
New Oriental Education & Technology Group Inc. provides private educational services primarily in the People's Republic of China. The company has a P/E ratio of 42.9, below the average diversified services industry P/E ratio of 43 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates New Oriental Education & Technology Group I as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full
See all heavy volume stocks in our
or get investment ideas from our
Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting
to 95370 or select from