Gaotu Techedu Inc. (NYSE:GOTU - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $2.14 and last traded at $2.14, with a volume of 1050781 shares traded. The stock had previously closed at $2.17.
Gaotu Techedu Trading Down 1.4 %
The company has a market cap of $555.48 million, a PE ratio of -3.75 and a beta of -0.01. The stock has a 50 day moving average price of $2.65 and a 200 day moving average price of $3.59.
Institutional Investors Weigh In On Gaotu Techedu
Several hedge funds have recently bought and sold shares of GOTU. BRIGHT VALLEY CAPITAL Ltd purchased a new position in shares of Gaotu Techedu during the second quarter valued at approximately $2,450,000. GSA Capital Partners LLP increased its position in Gaotu Techedu by 249.7% during the 3rd quarter. GSA Capital Partners LLP now owns 90,881 shares of the company's stock valued at $356,000 after buying an additional 64,896 shares in the last quarter. Millennium Management LLC raised its stake in Gaotu Techedu by 1,233.8% during the second quarter. Millennium Management LLC now owns 579,011 shares of the company's stock valued at $2,837,000 after buying an additional 535,601 shares during the last quarter. Marshall Wace LLP boosted its holdings in Gaotu Techedu by 158.2% in the second quarter. Marshall Wace LLP now owns 77,562 shares of the company's stock worth $380,000 after acquiring an additional 47,522 shares in the last quarter. Finally, State Street Corp grew its stake in shares of Gaotu Techedu by 20.7% in the third quarter. State Street Corp now owns 525,166 shares of the company's stock worth $2,059,000 after acquiring an additional 90,115 shares during the last quarter. Institutional investors own 48.42% of the company's stock.
About Gaotu Techedu
(
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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.
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