Eye Catching Stock: 2U (NASDAQ:TWOU) release update regarding closing of previous acquisition

2U (NASDAQ:TWOU) changed 0.69% to recent value of $40.67. The stock transacted 886049 shares during most recent day however it has an average volume of 850.76K shares. It spotted trading -58.50% off 52-week high price. On the other end, the stock has been noted 5.23% away from the low price over the last 52-weeks.

2U (NASDAQ:TWOU), a global leader in education technology, reported that the company closed its previously declared acquisition of Trilogy Education Services, a workforce accelerator that prepares adult learners for high-growth careers in the digital economy. The closing of the transaction brings together two of the world’s leading education companies and positions Trilogy as a 2U brand.

2U Co-Founder and CEO Christopher “Chip” Paucek said “Technology is transforming and redefining the future of work globally. More people at more stages in their lives are investing in themselves and their futures, upskilling and reskilling to keep pace and remain competitive in the job market”. “With our growing portfolio of now 68 great university partners, 2U is well positioned to deliver the in-demand skills working adults need–whether that’s through a degree, professional certificate, boot camp, or short course.”

Trilogy Founder and CEO Dan Sommer said “Trilogy was created to help communities across the world better prepare for the changing workforce. Our fast growth is a testament to the winning collaborations between working professionals, universities, and employers”. “Together with 2U, our combined reach and impact will better serve even more students in even more places throughout more of their lives. We are uniquely solving an otherwise unmet need in our global economy.”

TWOU has a gross margin of 62.10% and an operating margin of -12.40% while its profit margin remained -10.20% for the last 12 months. Its earnings per share (EPS) expected to touch remained -14.50% for this year while earning per share for the next 5-years is expected to reach at 25.00%.

The company has 59.33M of outstanding shares and 57.27M shares were floated in the market. According to the most recent quarter its current ratio was 5.1 that represents company’s ability to meet its current financial obligations. The price moved ahead of -20.49% from the mean of 20 days, -33.35% from mean of 50 days SMA and performed -36.59% from mean of 200 days price. Company’s performance for the week was 0.05%, -34.38% for month and YTD performance remained -18.20%.

Samuel Dinger

Samuel Dinger joined us, after more than 10 years of experience in writing financial and business news, most recently as Investment Editor and writer. He also has a vast knowledge of stock trading. He earned bachelor degree from Union College with a focus in Business Administration. Samuel is the Senior Editor and market movers section. He also holds an MBA from Penn State University. He has two daughter and two children. Address: 1116 Christie Way, Cambridge, Massachusetts Email: Samuel@newscontrol.info

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