In the last trading session, the stock price of TAL Education Group (NYSE:TAL) gained around 2% to close the day at $29.71. The gains came at a share volume of 2.31 million compared to average share volume of 4.50 million. Post the recent decline, the market cap of firm was noted at $14.8 billion.
More recently, TAL Education reported that it will introduce its unaudited financial report for the third quarter of FY2018 closed November 30, 2017, before the open of market on January 25, 2018. Earlier in November, the company reported that a major K-12 post-school tutoring services provider firm in China, reported strategic collaboration with ETS, a leading educational testing and assessment firm in the world. ETS and TAL will start to collaborate on web test prep content, evaluation technologies and enhancement for the TOEFL series.
Established as a nonprofit in 1947, ETS administers, scores and develops over 50 million tests yearly – including the TOEIC ® and TOEFL® tests, The Praxis Series ® and the GRE ® tests assessments – in over 180 nations, at more than 9,000 locations globally. As a mission-driven firm, ETS supports a wide and deep portfolio of educational research, performed by a large research and development personnel and globally distinguished educational experts.
Mr. Rong Luo, the President and Chief Financial Officer of Global & Lifelong Education Group, expressed that TAL Education is thrilled about establishing a strong association with ETS. Their cooperation in TOEFL web prep content exhibits a unique model of combining ETS’ top quality content with TAL Education’s localized services and content to offer unique value to students in China. This deal will pave way for new possibilities for both aspects in the segment of global education to better serve progressively younger learners in China who wish to advance competences that are associated with international educational standards.