Wah Fu’s Stock (NASDAQ: WAFU) More Than Triples While Exams Coming in China

Chinese online education platform Wah Fu suddenly jumped to $11 at 9:00 AM EDT. Now the stock is slightly falling to $9 floor, most possibly. As the second semester finished in most Asian countries students and institutions need Wah Fu’s services and products while not many alternatives could be found.

In the 2019 fiscal year, the revenue decreased by $590k with increased $2.9 million costs. Thus, gross profit fell to $2.5 million from $3.7 million. Consequently, the net loss occurred by spoiling investor’s expectations, merely dividends.

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Not huge Wah Fu’s market value is overpriced while EPS recently became negative at $0.63. Chinese parents want their children to work in prestigious companies by building successful careers. So, Wah Fu is in high demand before taking exams to roll in reputable universities.

Asan Abdiev

CEO and Editor in Chief. Living in the era of dynamic tech change Asan decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring Finance) writing for technology and as well as finance has been one of the precious aspects of his life