Meten Edtechx Education (METX) Stock Attempts To Recover After The Recent Sell-Off

Meten Edtechx Education Group Ltd (NASDAQ:METX) stock is soaring in the pre-market session on Thursday, extending its weekly gain.  The stock is up by another 25% at $1.55 in the pre-market session followed by a 15% gain earlier this week.

Meten Edtechx Education (METX) Stock Attempts To Recover After The Recent Sell-Off

This morning, the company announced that the gross billing and student enrollment of its junior ELT business increased by 1,910.4% and 758.1% respectively in April 2021 compared to the same period of last year. The gross billing and student enrollment increased by 100.6% and 31.0% respectively compared to April 2019.

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In the first four months of 2021, the gross billing of the Company’s junior ELT business increased by 473.8% year over year and gained a 128.6% growth compared with the same period in 2019. The figures confirm that the Company has returned to its pre-pandemic rapid growth trajectory.

 

Jack Dawkins

Finance and Tech Contributor