Meten EdtechX gains as Q2 loss narrows
18/08/2021 12:22
** U.S.-listed shares of Chinese education technology firm
METX.O up 14.3% at 59 cents
** Co reports Q2 loss of RMB 80.3 mln ($12.4 mln), lower
than the loss of RMB 93.4 mln a year earlier urn:newsml:reuters.com:*:nPn2ztsvca
** Q2 revenue up 8.2% at RMB 204.8 mln
** Intends to actively explore business opportunities in
other industries including quality-oriented education, medical
aesthetics, and VR teaching products for institutions - Co
** Stock currently trades ~27% below its 50-day moving
average of 76 cents
** Up to Tuesday's close, stock has lost ~74% YTD
(Reporting by Shashank Nayar in Bengaluru)
((Shashank.Nayar@thomsonreuters.com))