China's EdTech co Meten Holding drops on weak Q3
22/11/2021 13:51
** U.S.-listed shares of China's education tech firm Meten
Holding Group Ltd METX.O drop 14.7% to 37 cents premarket
** Co reports Q3 revenue of $29.16 mln, misses Wall Street
estimate of $32.03 mln urn:newsml:reuters.com:*:nPn4MK7YWa
** METX Q3 adjusted net loss widened 364.8% to 170.8 mln
yuan from a year earlier ($26.5 mln)
** More than 11 mln shares trade vs their 25-day moving avg.
Of 19.8 mln
** Up to Friday's close, stock had fallen 78.4% this year
and lost ~23% in just the last 60 days
(Reporting by Bansari Mayur Kamdar)
((BansariMayur.Kamdar@thomsonreuters.com;))