Tarena International (NASDAQ:TEDU) Share Price Crosses Below 50 Day Moving Average of $0.85

Tarena International Inc (NASDAQ:TEDU)’s stock price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $0.85 and traded as low as $0.75. Tarena International shares last traded at $0.75, with a volume of 3,245 shares trading hands.

The business has a 50 day moving average of $0.85 and a 200-day moving average of $1.63.

Several large investors have recently added to or reduced their stakes in TEDU. Millennium Management LLC grew its position in Tarena International by 233.1% during the third quarter. Millennium Management LLC now owns 43,911 shares of the business services provider’s stock worth $43,000 after buying an additional 30,730 shares in the last quarter. BB&T Securities LLC grew its position in Tarena International by 91.8% during the third quarter. BB&T Securities LLC now owns 78,161 shares of the business services provider’s stock worth $70,000 after buying an additional 37,404 shares in the last quarter. Prudential PLC grew its position in Tarena International by 46.2% during the second quarter. Prudential PLC now owns 532,989 shares of the business services provider’s stock worth $1,599,000 after buying an additional 168,542 shares in the last quarter. Renaissance Technologies LLC grew its position in Tarena International by 10.0% during the second quarter. Renaissance Technologies LLC now owns 656,307 shares of the business services provider’s stock worth $1,641,000 after buying an additional 59,807 shares in the last quarter. Finally, Davis Selected Advisers grew its position in Tarena International by 0.5% during the second quarter. Davis Selected Advisers now owns 4,887,670 shares of the business services provider’s stock worth $12,219,000 after buying an additional 24,758 shares in the last quarter. Institutional investors own 21.04% of the company’s stock.

About Tarena International (NASDAQ:TEDU)

Tarena International, Inc, through its subsidiaries, provides professional education services through full-time and part-time classes in the People's Republic of China. It offers education courses in 13 information technology (IT) subjects, such as Java, .NET, C++, software testing, embedded, PHP, Android, iOS, Linux and network engineering, Big Data, Web front-end development, VR/AR, and Python; and 3 non-IT subjects, including digital art, online sales and marketing, and accounting through live distance instruction, classroom-based tutoring, and online learning modules.

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