Stock News in Focus: Sunlands Technology Group (NYSE:STG)

Sunlands Technology Group (NYSE:STG) spotted trading -72.57% off 52-week high price. On the other end, the stock has been noted 28.00% away from the low price over the last 52-weeks. The stock changed 2.86% to recent value of $2.88. The stock transacted 16511 shares during most recent day however it has an average volume of 44.37K shares. The company has 166.18M of outstanding shares.

Sunlands Technology Group (NYSE:STG) released its unaudited financial results for the first quarter ended March 31, 2019.

First Quarter 2019 Financial and Operational Highlights

Net revenues were RMB564.2 million (US$84.1 million), representing a 38.8% increase year-over-year.

Gross billings (non-GAAP) were RMB663.9 million (US$98.9 million), representing a 28.6% decrease year-over-year.

Gross profit was RMB478.7 million (US$71.3 million), representing a 42.6% increase year-over-year.

Net loss was RMB112.9 million (US$16.8 million), representing a 54.0% decrease year-over-year. Net loss margin, defined as net loss as a percentage of net revenues, decreased to 20.0% from 60.3% in the first quarter of 2018.

New student enrollments were 100,051, representing a 34.2% decrease year-over-year.

As of March 31, 2019, the Company’s deferred revenue balance was RMB3,372.2 million (US$502.5 million).

Its earnings per share (EPS) expected to touch remained 54.90% for this year. STG has a gross margin of 83.30% and an operating margin of -52.10% while its profit margin remained -47.00% for the last 12 months.

According to the most recent quarter its current ratio was 1.1 that represents company’s ability to meet its current financial obligations. The price moved ahead of -1.56% from the mean of 20 days, -13.92% from mean of 50 days SMA and performed -34.71% from mean of 200 days price. Company’s performance for the week was 0.00%, -4.95% for month and YTD performance remained -5.26%.

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