Bright Scholar Education (NYSE:BEDU) Stock Price Down 1.7% - Here's What Happened

Bright Scholar Education (NYSE:BEDU - Get Free Report)'s stock price dropped 1.7% during mid-day trading on Monday . The stock traded as low as $1.78 and last traded at $1.78. Approximately 2,052 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 9,760 shares. The stock had previously closed at $1.81.

Bright Scholar Education Stock Performance

The firm has a market capitalization of $54.11 million, a P/E ratio of -0.39 and a beta of 0.36. The company has a 50-day moving average price of $1.78 and a 200-day moving average price of $1.70.

Bright Scholar Education (NYSE:BEDU - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The company reported $0.14 earnings per share (EPS) for the quarter. Bright Scholar Education had a positive return on equity of 2.31% and a negative net margin of 58.44%. The business had revenue of $55.20 million for the quarter.

About Bright Scholar Education

Bright Scholar Education Holdings Limited, an education service provider, operates and provides K-12 schools and complementary education services in China, Hong Kong, Canada, the United States, and the United Kingdom. The company operates in three segments: Overseas Schools; Complementary Education Services; and Domestic Kindergartens and K-12 Operation Services.