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Tarena International ( (TCTM) ) has issued an update.
In a strategic shift, TCTM Kids IT Education Inc. divested its professional education business on March 31, 2024, focusing primarily on IT-related supplementary STEM education services. This transition, initiated on December 24, 2023, significantly impacts the company’s operations and financials, as the professional education segment is now classified as a discontinued operation. The financial results from the first half of 2024 reflect this change, with the company reporting a decrease in gross profit and an increased operating loss compared to the same period in 2023.
More about Tarena International
TCTM Kids IT Education Inc. is a prominent provider of IT-focused supplementary STEM education services in China. The company offers a range of programs including computer coding and robotics programming courses, targeting children aged three to eighteen. TCTM leverages innovative platforms combining live instruction, classroom tutoring, and online modules to enhance children’s logical thinking and learning abilities in line with the latest STEM education trends.
YTD Price Performance: -33.10%
Average Trading Volume: 54,289
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $7.29M
For an in-depth examination of TCTM stock, go to TipRanks’ Stock Analysis page.
