Shares of Gaotu Techedu Inc. (NYSE:GOTU - Get Free Report) saw unusually-high trading volume on Thursday . Approximately 1,982,333 shares traded hands during mid-day trading, a decline of 22% from the previous session's volume of 2,538,864 shares.The stock last traded at $3.56 and had previously closed at $3.32.
Gaotu Techedu Trading Down 2.8 %
The firm has a market capitalization of $885.13 million, a price-to-earnings ratio of -5.98 and a beta of 0.06. The company's 50 day moving average is $2.36 and its 200-day moving average is $2.82.
Gaotu Techedu (NYSE:GOTU - Get Free Report) last released its quarterly earnings data on Wednesday, December 4th. The company reported ($0.26) earnings per share (EPS) for the quarter. Gaotu Techedu had a negative net margin of 26.36% and a negative return on equity of 37.79%.
Hedge Funds Weigh In On Gaotu Techedu
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio acquired a new stake in shares of Gaotu Techedu during the 3rd quarter worth about $38,000. Catalyst Funds Management Pty Ltd acquired a new stake in Gaotu Techedu during the fourth quarter worth approximately $38,000. Two Sigma Advisers LP bought a new stake in shares of Gaotu Techedu during the fourth quarter worth approximately $41,000. Two Sigma Securities LLC bought a new stake in shares of Gaotu Techedu during the fourth quarter worth approximately $86,000. Finally, Lighthouse Investment Partners LLC acquired a new position in shares of Gaotu Techedu in the fourth quarter valued at approximately $103,000. 48.42% of the stock is owned by institutional investors.
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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