Zacks Investment Research upgraded shares of OneSmart International Edun Gr (NYSE:ONE) from a sell rating to a hold rating in a research report report published on Friday morning, Zacks.com reports.

According to Zacks, “OneSmart International Education Group Limited offers education services. The School provides K-12 after-school education services. It also offers one to one education, examination question analysis, mistakes settlement, tutoring, culture programs and other services. OneSmart International Education Group Limited is based in China. “

ONE stock opened at $7.43 on Friday. The stock has a market capitalization of $1.18 billion, a P/E ratio of -7.28 and a beta of 0.34. The firm has a 50-day simple moving average of $7.53 and a 200-day simple moving average of $8.01. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.15. OneSmart International Edun Gr has a 52 week low of $6.71 and a 52 week high of $9.78.

Hedge funds have recently added to or reduced their stakes in the company. Carlyle Group L.P. increased its stake in shares of OneSmart International Edun Gr by 33.9% during the second quarter. Carlyle Group L.P. now owns 31,017,142 shares of the business services provider’s stock worth $246,896,000 after purchasing an additional 7,860,000 shares in the last quarter. Indus Capital Partners LLC increased its stake in shares of OneSmart International Edun Gr by 62.1% during the second quarter. Indus Capital Partners LLC now owns 1,474,575 shares of the business services provider’s stock worth $11,738,000 after purchasing an additional 564,999 shares in the last quarter. Vanguard Group Inc. purchased a new stake in OneSmart International Edun Gr during the 2nd quarter valued at about $177,000. BlackRock Inc. purchased a new stake in OneSmart International Edun Gr during the 2nd quarter valued at about $10,820,000. Finally, Northern Trust Corp purchased a new stake in OneSmart International Edun Gr during the 2nd quarter valued at about $661,000. 38.00% of the stock is owned by institutional investors and hedge funds.

About OneSmart International Edun Gr

OneSmart International Education Group Limited provides tutoring services for kindergarten and primary, middle, and high schools (K12) in the People's Republic of China. The company offers young children services, including Chinese language and computer programming under the HappyMath brand; and English tutoring services focusing on early childhood under the brand FasTrack English brand.

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