Boston, MA 05/20/2013 (wallstreetpr) – Friday’s trading session saw Xueda Education Group (NYSE:XUE) climbing up by 14.38%. It opened at a price of $3.23 which reached an intraday high of $3.50 before heading down to close at $3.06 per share. In excess of 0.224 million shares exchanged hands in the previous trading session. This figure stood below the average volume of 0.305 million that was measured over a 30-day period.
XUE’s earnings and net revenue, both exceeded the company’s projections. The noticeable y-o-y improvements in key financial, gross margin and operational metrics demonstrated that the focus-on-profit strategy had been executed successfully. Also, the tutoring industry is steadily progressing towards a more sustainable and stronger market environment. This has been supported by the first-ever self-regulatory agreement launched by the industry. In tandem with the guidance provided by the Ministry of Education, Xueda Education Group (NYSE:XUE) focuses on providing personalized services to students.
Incorporated on 24 April 2009, XUE is a holding company. Via its subsidiaries, the company provides tutoring services for primary as well as secondary school-students in China. It is focused on providing them personalized tutoring services. Xueda Education Group (NYSE:XUE) has a very student-centric, result-oriented, service delivery model. This model features personalized and customized tutoring services to meet the needs and preferences of individual students. These are delivered by a dedicated team of full-time service professionals. This largely takes place via one-on-one tutoring. XUE’s wholly-owned subsidiaries include Ltd. Xuecheng Century (Beijing) Information Technology Co and China Xueda Corporation Limited.
