Gaotu Techedu Inc. (NYSE:GOTU - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $2.36 and last traded at $2.37, with a volume of 1253242 shares trading hands. The stock had previously closed at $2.44.
Analyst Ratings Changes
Separately, Citigroup lowered shares of Gaotu Techedu from a "buy" rating to a "sell" rating in a research note on Tuesday, August 27th.
Read Our Latest Stock Report on GOTU
Gaotu Techedu Price Performance
The company has a fifty day moving average price of $2.84 and a two-hundred day moving average price of $3.79. The firm has a market cap of $599.61 million, a price-to-earnings ratio of -4.05 and a beta of -0.01.
Institutional Investors Weigh In On Gaotu Techedu
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Garden State Investment Advisory Services LLC acquired a new position in shares of Gaotu Techedu in the 3rd quarter worth approximately $337,000. Barclays PLC grew its position in Gaotu Techedu by 87.8% in the third quarter. Barclays PLC now owns 73,008 shares of the company's stock worth $286,000 after buying an additional 34,133 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in Gaotu Techedu in the third quarter worth approximately $38,000. State Street Corp lifted its position in shares of Gaotu Techedu by 20.7% during the 3rd quarter. State Street Corp now owns 525,166 shares of the company's stock valued at $2,059,000 after acquiring an additional 90,115 shares during the last quarter. Finally, Pinpoint Asset Management Ltd boosted its stake in shares of Gaotu Techedu by 14.3% during the 3rd quarter. Pinpoint Asset Management Ltd now owns 229,445 shares of the company's stock worth $899,000 after acquiring an additional 28,776 shares in the last quarter. 48.42% of the stock is owned by institutional investors and hedge funds.
Gaotu Techedu Company Profile
(
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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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