Meten Edtechx Education rises as unit's gross billing more than triples
18/06/2021 13:52
** Shares of China-based English language tutor METX.O up
4.12% to $1.01 premarket
** Co reports a 247.8% increase in gross billing and a
163.9% rise in student enrollments in its junior ELT business in
May on y-o-y basis urn:newsml:reuters.com:*:nPn2s3gFta
** For Jan-May, total gross billings of segment increased by
408.4% y-o-y, returning to its pre-pandemic growth trajectory
** About 2.6 mln shares of the Shenzhen, Guangdong-based
company have traded so far premarket, ~29.6% of 30-DMA volume
** As of last close, stock down 51.5% YTD
(Reporting by Devik Jain in Bengaluru)
((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780;
outside U.S. +91 80 6182 2062; ;))