CIBT Education Group (TSE:MBA) Stock Passes Above Fifty Day Moving Average of $0.66

CIBT Education Group Inc. (TSE:MBA)’s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $0.66 and traded as high as $0.64. CIBT Education Group shares last traded at $0.64, with a volume of 3,650 shares.

Separately, Fundamental Research restated a “buy” rating and issued a C$1.45 price target (down previously from C$1.55) on shares of CIBT Education Group in a research report on Wednesday, August 28th.

The company has a current ratio of 0.39, a quick ratio of 0.36 and a debt-to-equity ratio of 66.72. The stock has a market capitalization of $49.75 million and a PE ratio of 4.89. The firm’s 50-day simple moving average is C$0.66 and its two-hundred day simple moving average is C$0.64.

In other news, insider CIBT Education Group Inc acquired 100,000 shares of the stock in a transaction on Tuesday, August 6th. The shares were purchased at an average cost of C$0.65 per share, for a total transaction of C$65,000.00. Following the transaction, the insider now owns 1,811,500 shares in the company, valued at approximately C$1,177,475. Over the last quarter, insiders have acquired 654,000 shares of company stock worth $431,375.

About CIBT Education Group (TSE:MBA)

CIBT Education Group Inc, through its subsidiaries, operates as an education and student housing investment company. The company owns and operates a network of business, technical, and language colleges in North America and Asia. It provides Western and Chinese accredited business and management programs in college preparation, healthcare, hotel management and tourism, English language training, and English teacher certifications, as well as junior and high school preparation programs for overseas study, and other career/vocational training.

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