Gaotu Techedu Inc. (NYSE:GOTU - Get Free Report)'s share price gapped down prior to trading on Tuesday . The stock had previously closed at $3.23, but opened at $3.13. Gaotu Techedu shares last traded at $3.23, with a volume of 628,966 shares traded.
Gaotu Techedu Stock Down 2.2 %
The company has a market cap of $850.09 million, a PE ratio of -5.75 and a beta of 0.10. The stock has a 50-day moving average of $2.90 and a 200-day moving average of $2.83.
Institutional Trading of Gaotu Techedu
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio purchased a new stake in Gaotu Techedu in the third quarter worth approximately $38,000. Catalyst Funds Management Pty Ltd bought a new stake in shares of Gaotu Techedu in the 4th quarter worth approximately $38,000. Two Sigma Advisers LP purchased a new stake in shares of Gaotu Techedu in the 4th quarter valued at $41,000. Two Sigma Securities LLC bought a new position in shares of Gaotu Techedu during the 4th quarter valued at $86,000. Finally, Lighthouse Investment Partners LLC purchased a new position in Gaotu Techedu in the 4th quarter worth $103,000. Hedge funds and other 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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