Ambow Education Holding Ltd. (NYSE: AMBO) market capitalization arrived $29.40M

On Friday Ambow Education Holding Ltd. (NYSE: AMBO) has shown no upward/downward move of 0% and traded the recent trade at $1.35. The trading volume is recorded to 134 shares as compared to average traded volume of 3.55K shares.

Ambow Education Holding Ltd (AMBO) stock’s market capitalization arrived at $29.40M and total 21.78M outstanding shares. The stock has a 52-week highest price of $6.92 and its 52-week lowest price was called at $1.21. During last trade, its maximum trading price was registered $1.35 and it’s the minimum trading price was noted $1.35.

Ambow Education Holding Ltd. (NYSE: AMBO), recently reported its unaudited financial and operating results for the three-month and six-month periods ended June 30, 2019.

Second Quarter 2019 Financial Highlights

  • Net revenues for the second quarter of 2019 increased by 6.2% to US$24.1M from US$22.7M in the same period of 2018. This increase was mainly driven by higher student enrollment.
  • Gross profit for the second quarter of 2019 reduced by 8.3% to US$9.9M from US$10.8M in the same period of 2018. Gross profit margin was 41.1%, contrast with 47.6% for the second quarter of 2018.
  • Operating expenses for the second quarter of 2019 increased by 23.5% to US$8.4M from US$6.8M for the same period of 2018.
  • Net income attributable to ordinary shareholders was US$1.3M, or US$0.03 per basic and diluted share, contrast with a net income of US$5.0M, or US$0.13 per basic and US$0.12 per diluted share, for the second quarter of 2018.
  • As of June 30, 2019, Ambow maintained strong cash resources of US$40.3M, comprised of cash and cash equivalents of US$21.6M, short-term investments of US$14.6M, and restricted cash of US$4.1M.
  • As of June 30, 2019, the Company’s deferred revenue balance was US$23.0M, representing a 27.1% increase from US$18.1M as of December 31, 2018.

First Six Months 2019 Financial Highlights

  • Net revenues for the first six months of 2019 increased by 7.5% to US$41.4M from US$38.5M in the same period of 2018.
  • Gross profit for the first six months of 2019 reduced by 3.1% to US$15.6M from US$16.1M in the same period of 2018. Gross profit margin was 37.7%, contrast with 41.8% for the first six months of 2018.
  • Operating expenses for the first six months of 2019 increased by 27.4% to US$17.2M from US$13.5M for the same period of 2018.
  • Net loss attributable to ordinary shareholders was US$2.2M, or US$0.05 per basic and diluted share, contrast with a net income of US$4.0M, or US$0.10 per basic and diluted share, for the first six months of 2018.

In the liquidity ratio analysis; Ambow Education Holding Ltd.’s (AMBO) current ratio was 0.80. The company has the institutional ownership of 0.60%. The stock’s RSI amounts to 33.91.

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