Gaotu Techedu Inc. (NYSE:GOTU - Get Free Report)'s share price gapped down prior to trading on Friday . The stock had previously closed at $3.44, but opened at $3.20. Gaotu Techedu shares last traded at $3.41, with a volume of 950,518 shares changing hands.
Gaotu Techedu Stock Up 0.1 %
The company has a market cap of $886.43 million, a price-to-earnings ratio of -5.99 and a beta of 0.06. The company's fifty day moving average price is $2.38 and its two-hundred day moving average price is $2.82.
Gaotu Techedu (NYSE:GOTU - Get Free Report) last released its quarterly 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
Institutional investors and hedge funds have recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of Gaotu Techedu in the fourth quarter worth $3,583,000. JPMorgan Chase & Co. lifted its position in shares of Gaotu Techedu by 14.9% in the third quarter. JPMorgan Chase & Co. now owns 832,996 shares of the company's stock worth $3,265,000 after purchasing an additional 108,224 shares in the last quarter. State Street Corp lifted its position 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 purchasing an additional 90,115 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Gaotu Techedu in the fourth quarter worth $781,000. Finally, Pinpoint Asset Management Ltd lifted its position in shares of Gaotu Techedu by 14.3% in the third quarter. Pinpoint Asset Management Ltd now owns 229,445 shares of the company's stock worth $899,000 after purchasing an additional 28,776 shares in the last quarter. Institutional investors and hedge funds 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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