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Why the Idp Education Ltd share price is going nuts

International student placement services company Idp Education Ltd (ASX: IEL) is becoming a regular candidate on the 52-week high list after closing off May trade at $9.68 – up 117% from its share price at this time last year.

IDP shares hit the 52-week high list again today – up 1.5% to $9.83 at the time of writing and the company has been making solid share price gains for years, with its share price graph showing a steady incline since its 2015 listing with few dips.

IDP is doing well with its global expansion strategy, with a recent partnership with US company Cognizant and acquisition of a stake in Chinese English language company HCP Limited on the books.

Training provider peer Navitas Limited (ASX: NVT) is worth keeping an eye on as its enrolment figures grow and forecasts for FY18 look promising.

But shares in childcare centre operator G8 Education Ltd (ASX: GEM) have been on the decline lately, down another 2% to $2.44 at the time of writing.

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Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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