Meten Holding Group (NASDAQ:METX) Stock Sees Another Green Day: Up 17% in a Week

While it is true that investors are nowadays getting increasingly squeamish about investing in Chinese companies, there are certain stocks that may be worth looking into at this point.

Market Stats

On Thursday, METX stock increased by 6% at $0.59 with more than 71.92 million shares, compared to its average volume of 88.14 million shares. The stock has moved within a range of $0.5400 – 0.5980 after opening the trade at $0.5670.

Major Trigger

One such stock is that of Meten Holding Group (NASDAQ:METX), which is involved in the education technology sector. On Thursday, the stock was in focus among investors and managed to clock gains of as much as 6% as consequence. That particular rally took its gains for the past week to as much as 17%. Experts believe that it is a stock that not only has significant upside but is also quite affordable at this point in time.

That being said, it is also necessary to keep in mind that low priced stocks like Meten could also correct sharply and record steep declines. Hence, it is important for investors to be careful.

Earlier on in the year, the education sector in China had suffered due to the possibility of tough regulations and the stock had suffered as investors headed for the exits from the sector. However, it should be noted one should not generalise and Meten has managed to become one of the bigger operators in the English language training space in China.

Traders Corner

METX stock is trading above the 20-Day and 50-Day Moving averages of $0.52 and $0.40 respectively. However, the stock is trading below the 200-Day moving average of $1.23. The stock is up 91% in the past month.