Initiates Coverage on Hailiang Education Group (NASDAQ:HLG)

Equities research analysts at assumed coverage on shares of Hailiang Education Group (NASDAQ:HLGGet Rating) in a research report issued on Wednesday. The brokerage set a “hold” rating on the stock.

Shares of HLG opened at $12.95 on Wednesday. The stock has a 50 day simple moving average of $13.07 and a 200 day simple moving average of $13.15. Hailiang Education Group has a 52-week low of $9.28 and a 52-week high of $44.85. The firm has a market capitalization of $333.83 million, a PE ratio of 8.99 and a beta of -0.08.

About Hailiang Education Group (Get Rating)

Hailiang Education Group Inc provides K-12 educational and management services in the People's Republic of China. The company operates 14 affiliated schools; and 27 managed schools. It offers K-12 student management, high school curriculum education, and operation and management services, including branding, academic management, education resources, school culture, admission, finance, human resources, procurement, IT, internal audit, and property and logistics management services, as well as after-school enrichment, accommodations, and transportation services.

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