Ambow Education (NYSEAMERICAN:AMBO) Trading Down 1.8% – Here’s Why

Ambow Education Holding Ltd. (NYSEAMERICAN:AMBO)’s share price was down 1.8% during trading on Friday . The stock traded as low as $3.75 and last traded at $3.75. Approximately 9,941 shares traded hands during mid-day trading, a decline of 42% from the average daily volume of 17,029 shares. The stock had previously closed at $3.82.

Ambow Education Stock Performance

The business’s 50 day moving average price is $4.15 and its 200 day moving average price is $3.44.

Institutional Trading of Ambow Education

A hedge fund recently bought a new stake in Ambow Education stock. Citadel Advisors LLC bought a new position in shares of Ambow Education Holding Ltd. (NYSEAMERICAN:AMBO) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 17,667 shares of the company’s stock, valued at approximately $64,000. Citadel Advisors LLC owned about 0.62% of Ambow Education as of its most recent SEC filing. 9.65% of the stock is currently owned by institutional investors.

Ambow Education Company Profile

Ambow Education Holding Ltd., a technology-driven educational company, provides hybrid online and offline learning, and content development in the higher education and workforce training industries in the United States. The company operates HybriU platform, a hybrid education delivery and content development platform.