Gaotu Techedu Inc. (NYSE:GOTU - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $3.47, but opened at $3.37. Gaotu Techedu shares last traded at $3.50, with a volume of 315,397 shares trading hands.
Gaotu Techedu Stock Performance
The stock has a market capitalization of $914.98 million, a PE ratio of -6.18 and a beta of 0.10. The firm's 50 day moving average is $2.54 and its two-hundred day moving average is $2.80.
Institutional Investors Weigh In On Gaotu Techedu
A number of hedge funds have recently bought and sold shares of GOTU. Public Employees Retirement System of Ohio purchased a new stake in shares of Gaotu Techedu during the third quarter worth approximately $38,000. Catalyst Funds Management Pty Ltd acquired a new position in Gaotu Techedu during the 4th quarter worth approximately $38,000. Two Sigma Advisers LP acquired a new position in Gaotu Techedu during the 4th quarter worth approximately $41,000. Two Sigma Securities LLC purchased a new stake in shares of Gaotu Techedu in the 4th quarter valued at approximately $86,000. Finally, Lighthouse Investment Partners LLC acquired a new stake in shares of Gaotu Techedu in the 4th quarter valued at $103,000. 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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
