Gaotu Techedu Inc. (NYSE:GOTU - Get Free Report) saw unusually-high trading volume on Friday . Approximately 1,934,373 shares traded hands during mid-day trading, an increase of 3% from the previous session's volume of 1,875,986 shares.The stock last traded at $2.78 and had previously closed at $2.82.
Gaotu Techedu Stock Up 0.9 %
The firm's fifty day moving average is $2.26 and its two-hundred day moving average is $2.92. The firm has a market cap of $709.92 million, a P/E ratio of -4.80 and a beta of 0.06.
Gaotu Techedu (NYSE:GOTU - Get Free Report) last announced its earnings results on Wednesday, December 4th. The company reported ($0.26) earnings per share for the quarter. Gaotu Techedu had a negative net margin of 26.36% and a negative return on equity of 37.79%.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio purchased a new stake in Gaotu Techedu in the third quarter worth $38,000. Catalyst Funds Management Pty Ltd purchased a new stake in shares of Gaotu Techedu in the 4th quarter worth about $38,000. Two Sigma Advisers LP purchased a new position in Gaotu Techedu during the 4th quarter valued at about $41,000. Pinpoint Asset Management Ltd boosted its stake in Gaotu Techedu by 14.3% during the third 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. Finally, Barclays PLC grew its holdings 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 purchasing an additional 34,133 shares during the period. Institutional investors own 48.42% of the company's stock.
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.
Featured Stories
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 Sell rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
