Shares of Gaotu Techedu Inc. (NYSE:GOTU - Get Free Report) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $2.27 and last traded at $2.30, with a volume of 161202 shares trading hands. The stock had previously closed at $2.32.
Gaotu Techedu Stock Down 3.4 %
The stock has a market capitalization of $581.44 million, a price-to-earnings ratio of -3.93 and a beta of -0.01. The stock's 50-day simple moving average is $2.72 and its 200 day simple moving average is $3.66.
Hedge Funds Weigh In On Gaotu Techedu
Several institutional investors have recently bought and sold shares of GOTU. Millennium Management LLC grew its stake in shares of 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 purchasing an additional 535,601 shares during the last quarter. BRIGHT VALLEY CAPITAL Ltd bought a new stake in shares of Gaotu Techedu during the second quarter worth $2,450,000. National Bank of Canada FI acquired a new position in shares of Gaotu Techedu during the second quarter valued at $2,135,000. Jupiter Asset Management Ltd. bought a new position in Gaotu Techedu in the second quarter valued at about $693,000. Finally, Headlands Technologies LLC raised its holdings in Gaotu Techedu by 1,362.7% during the 2nd quarter. Headlands Technologies LLC now owns 141,718 shares of the company's stock worth $694,000 after purchasing an additional 132,029 shares during the last quarter. 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.
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