Tarena International Inc (NASDAQ:TEDU) is one of the leading players in the adult professional education and childhood education spaces in China at this point in time.
Trading Data
On Thursday, TEDU stock rose 8.08% to $3.21 with more than 93k shares, compared to its average volume of 185K shares. The stock moved within a range of $2.8300 – 3.2100 after opening trade at $2.89.
Tarena Announces Receipt of Nasdaq Notification Regarding Minimum Market Value of Publicly Held Shares
The company has seen its stock emerge as one of the major movers over the course of the past few days and it moved strongly on Thursday as well, as it ended the day with gains of as much as 7%. It should be noted that the gains made yesterday took the total gains over the past week to as much as 43%. While the rally may have been impressive, it should be noted that there has been no news about Tarena International in the past week.
The last time any news emerged about the company was back on January 25 this year. On that day, the company announced that a notification date January 20, 2022 from the Staff of the Listing Qualifications Department of the Nasdaq Stock Market LLC stated that it did not meet the listing requirements of the exchange.
The specific listing requirement that it did not meet was Minimum Value of Publicly Held Shares. The company has been given until July 19, 2022 within which it would need to regain compliance.
Technical Data
TEDU stock is trading above the 20-Day and 50-Day Moving averages of $2.34 and $2.18 respectively. However, the stock is trading above the 200-Day moving average of $8.33. The stock is up 77% in the past month.
