RTTNews | Nov 17, 2021 10:24AM EST

10:24 Wednesday, November 17, 2021 (RTTNews.com) - An online learning management company, Nerdy, Inc. (NRDY), saw its stock rise 3% on higher revenue in the third quarter after dropping to a 12-month low on Tuesday.

The stock nosedived to $6.29 from $7.99 on Tuesday, picking up slowly after the company reported the results. The revenue for the quarter was $31.29 million, up from $26.39 million in the same quarter last year. This was primarily due to a 32% hike in back-to-school bookings amounting to $44.50 million.

The stock is currently trading at $6.39, up $0.10 or 1.59% since the previous close at $6.29. The stock opened at $6.46 in the morning. In the 52-week period, the shares have ranged between $6.23 and $13.49 per share.

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