RYB Education (RYB) Cut to “Sell” at Zacks Investment Research

RYB Education (NYSE:RYB) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

According to Zacks, “RYB Education, Inc. provides educational services primarily in China. It offer training in subjects and languages, teacher recruitment, guidance, innovative learning, development of children, rating systems, parents consulting and other services. The Company operates kindergarten and pre-schools. RYB Education, Inc. is based in BEIJING, China. “

Separately, Morgan Stanley lowered shares of RYB Education from an “overweight” rating to an “equal weight” rating in a report on Monday.

Shares of RYB Education (NYSE RYB) traded up $0.11 during trading on Thursday, hitting $16.70. 201,400 shares of the company traded hands, compared to its average volume of 379,900. RYB Education has a 12 month low of $15.50 and a 12 month high of $31.80.

Several institutional investors have recently made changes to their positions in the stock. Schroder Investment Management Group bought a new stake in shares of RYB Education during the 3rd quarter valued at approximately $10,688,000. Greenwoods Asset Management Ltd bought a new stake in shares of RYB Education during the 3rd quarter valued at approximately $5,757,000. Pinebridge Investments L.P. bought a new stake in shares of RYB Education during the 3rd quarter valued at approximately $1,151,000. Finally, Athos Capital Ltd bought a new stake in shares of RYB Education during the 3rd quarter valued at approximately $428,000. 19.99% of the stock is currently owned by institutional investors.

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RYB Education Company Profile

RYB Education, Inc is engaged in providing early childhood education services in China. The Company develops various educational products and services, such as teaching aids, educational toys and at-home education products and services. The Company promotes and sells its self-developed and third party products and services through its franchisees and Hong Shan Enable Alliance participants for their further distribution and directly to number of families.The Company kindergarten offers preschool education to 2-6-year-old children.

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