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New Oriental Education and Technology Group (EDU)
-Open
$86.71
Previous close
$85.99
Trade high
$88.3981
Volume
1,181,207
Year high
$98.20
Year low
$35.70
Dividend yield
-
Market capitalisation
$14.37 bn
P/E ratio
47.77
ISIN
US6475812060
This share can be held in a Dealing account
Share price
Company profile
New Oriental is a leading private education provider in China. K-9 academic after-school tutoring used to account for 50%-60% of New Oriental's revenue before the regulatory crackdown in 2021. After terminating its K-9 academic after-school tutoring business, New Oriental has identified a few new initiatives such as nonacademic tutoring and intelligent learning systems and devices. The remaining businesses include high school academic after-school tutoring and overseas-related test preparation and consulting business. It also owns 55% of East Buy (HKG: 01797), a market leader in livestreaming e-commerce.
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