RTTNews | Nov 23, 2021 11:56AM EST

11:55 Tuesday, November 23, 2021 (RTTNews.com) - Chinese post-secondary education provider company Sunlands Technology Group (STG), saw its shares jump 20% on Tuesday after the company turned to profit in the third quarter. The stock reported its year-long low yesterday and is currently recovering from the drop.

The net income for Sunland came in at RMB92.8 million or RMB14.16 per share, compared to a loss of RMB165.8 million or RMB24.62 loss per share in the same quarter last year. The bottom line was boosted by a 9.9% rise in revenue which rose to RMB595.13 million from RMB541.63 million in the last term. The stock is currently trading hands at $4.37, up $0.71 or 19.40% since the last close at $3.66. The stock opened at $4.12 per share in the morning. In the 52-week period, the shares have ranged between $3.66 and $36.87.

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