Gaotu Techedu Inc. (NYSE:GOTU - Get Free Report) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $1.98 and last traded at $1.99, with a volume of 1855458 shares changing hands. The stock had previously closed at $2.08.
Gaotu Techedu Price Performance
The firm has a 50-day simple moving average of $2.54 and a 200 day simple moving average of $3.49. The company has a market capitalization of $516.54 million, a PE ratio of -3.49 and a beta of 0.03.
Institutional Investors Weigh In On Gaotu Techedu
Several hedge funds have recently modified their holdings of GOTU. JPMorgan Chase & Co. grew its stake in shares of Gaotu Techedu by 14.9% during the third quarter. JPMorgan Chase & Co. now owns 832,996 shares of the company's stock valued at $3,265,000 after acquiring an additional 108,224 shares in the last quarter. Garden State Investment Advisory Services LLC purchased a new position in Gaotu Techedu in the third quarter valued at about $337,000. Barclays PLC grew its stake in Gaotu Techedu by 87.8% during the 3rd quarter. Barclays PLC now owns 73,008 shares of the company's stock valued at $286,000 after purchasing an additional 34,133 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Gaotu Techedu during the 3rd quarter worth approximately $38,000. Finally, State Street Corp increased its holdings in Gaotu Techedu by 20.7% during the 3rd quarter. State Street Corp now owns 525,166 shares of the company's stock worth $2,059,000 after purchasing an additional 90,115 shares during the last quarter. 48.42% of the stock is currently owned by hedge funds and other institutional investors.
About Gaotu Techedu
(
Get Free Report)
Gaotu Techedu Inc, a technology-driven education company, provides learning services, educational content, and digitalized learning products in the People's Republic of China. The company offers traditional online academic subject tutoring services that covers academic subjects, such as mathematics, English, Chinese, physics, chemistry, biology, history, geography, and political science for students; non-academic tutoring services; personal interest courses comprising chess learning, family relationships and education, humanities, and science courses; and professional courses primarily for college students and adults preparing for professional qualification exams, such as teacher's qualification, Chartered Financial Analyst designation, Certified Public Accountant designation, and other exams.
See Also
Before you consider Gaotu Techedu, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Gaotu Techedu wasn't on the list.
While Gaotu Techedu currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
