Zacks Investment Research Lowers LAIX (NYSE:LAIX) to Sell

Zacks Investment Research downgraded shares of LAIX (NYSE:LAIX) from a hold rating to a sell rating in a report issued on Tuesday morning, Zacks.com reports.

According to Zacks, “LAIX Inc. is an artificial intelligence company primarily in China. It creates and delivers products and services for English learning. The company’s proprietary AI teacher utilizes cutting-edge deep learning and adaptive learning technologies, big data, well-established education pedagogies and the mobile internet. LAIX Inc. is based in Shanghai, China. “

NYSE:LAIX opened at $1.46 on Tuesday. LAIX has a fifty-two week low of $1.36 and a fifty-two week high of $6.45. The stock has a market capitalization of $71.91 million, a P/E ratio of -0.89 and a beta of 0.90. The company’s 50-day simple moving average is $1.52 and its 200-day simple moving average is $2.12.

LAIX (NYSE:LAIX) last released its quarterly earnings results on Wednesday, November 25th. The company reported ($1.24) earnings per share for the quarter, beating analysts’ consensus estimates of ($2.63) by $1.39. The firm had revenue of $35.26 million during the quarter. Equities analysts expect that LAIX will post -1.45 earnings per share for the current fiscal year.

LAIX Company Profile

LAIX Inc, an artificial intelligence (AI) company, provides online English learning products and services in the People’s Republic of China. It offers English Liulishuo app, which offers a suite of courses, including free courses for leisure learning, the paid personalized standard courses, DongNi English, and other paid courses, as well as Darwin English app; LiuLi Reading mobile app that allows users to read articles from publishers supplemented by detailed learning tips and quizzes; and Kids Liulishuo, a mobile app that enhance the reading, hearing, and speaking abilities of kids.

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