RYB Education (RYB) Downgraded to Underperform at Credit Suisse Group

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Credit Suisse Group downgraded shares of RYB Education (NYSE:RYB) from a neutral rating to an underperform rating in a report published on Friday, MarketBeat.com reports. The brokerage currently has $7.69 price objective on the stock.

Several other brokerages have also weighed in on RYB. Zacks Investment Research raised shares of RYB Education from a hold rating to a buy rating and set a $9.00 price objective on the stock in a research report on Tuesday. Morgan Stanley lowered shares of RYB Education from an overweight rating to an equal weight rating and cut their price objective for the company from $23.50 to $8.50 in a research report on Thursday, December 6th. Finally, ValuEngine lowered shares of RYB Education from a buy rating to a hold rating in a research report on Wednesday, January 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $13.05.

Shares of NYSE RYB traded down $0.83 during mid-day trading on Friday, reaching $7.11. The company had a trading volume of 211,669 shares, compared to its average volume of 207,694. The firm has a market capitalization of $227.58 million, a price-to-earnings ratio of 61.08 and a beta of 1.68. RYB Education has a 12-month low of $5.60 and a 12-month high of $23.79.

RYB Education (NYSE:RYB) last issued its quarterly earnings data on Wednesday, March 20th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.05. The firm had revenue of $45.00 million for the quarter. RYB Education had a negative net margin of 1.14% and a negative return on equity of 1.64%. As a group, equities research analysts predict that RYB Education will post 0.42 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the business. Yiheng Capital LLC acquired a new position in RYB Education during the fourth quarter valued at approximately $4,050,000. D. E. Shaw & Co. Inc. grew its holdings in RYB Education by 161.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 304,546 shares of the company’s stock valued at $1,779,000 after purchasing an additional 188,072 shares during the last quarter. Two Sigma Advisers LP acquired a new position in RYB Education during the fourth quarter valued at approximately $152,000. Two Sigma Investments LP acquired a new position in RYB Education during the fourth quarter valued at approximately $647,000. Finally, BlackRock Inc. acquired a new position in RYB Education during the fourth quarter valued at approximately $111,000. Institutional investors own 12.30% of the company’s stock.

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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