EDTK Stock Experiences Sharp Decline Amidst Industry Gains

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Feb 04, 2025

Wangdao Technology (EDTK, Financial) recently experienced a significant stock price drop of 6.65%, bringing its share value to $0.960. The trading volume was notably low at 246 shares, with a turnover rate of 0% and no price fluctuation. Financial reports reveal that the company generated $119,018 in revenue but suffered a net loss of $2.94 million, resulting in an earnings per share of -$0.19 and a gross loss of $614,173. The price-to-earnings ratio stands at -2.08. Currently, there are no institutional ratings for buying, holding, or selling the stock.

Despite Wangdao Technology's decline, the education services sector saw an overall increase of 0.78%. Notable gainers in the sector include LiXiang Education, Four Seasons Education, and Visionary Holdings Inc. Active stocks in the industry were Tongcheng Tongmei, LiXiang Education, and Huaxia Boya, with turnover rates of 68.30%, 49.69%, and 9.12% respectively. Stocks with significant price swings included LiXiang Education, Tongcheng Tongmei, and Visionary Holdings Inc., with amplitudes of 62.50%, 30.13%, and 13.19% respectively.

Wangdao Technology, based in Wuxi, China, offers online education and technology services, focusing on online vocational training and virtual simulation training. Their curriculum covers a wide range of subjects, including mechanics, electronics, automotive repair, and construction, with the majority of their revenue sourced from China.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.