Gaotu Techedu Inc. (NYSE:GOTU - Get Free Report) shares traded up 4.9% during mid-day trading on Thursday . The company traded as high as $3.28 and last traded at $3.32. 691,213 shares traded hands during trading, a decline of 71% from the average session volume of 2,343,332 shares. The stock had previously closed at $3.16.
Gaotu Techedu Stock Performance
The firm has a market cap of $844.90 million, a P/E ratio of -5.71 and a beta of 0.10. The firm has a 50 day simple moving average of $2.90 and a 200 day simple moving average of $2.83.
Institutional Investors Weigh In On Gaotu Techedu
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Two Sigma Advisers LP bought a new position in Gaotu Techedu in the 4th quarter worth about $41,000. Point72 Asset Management L.P. purchased a new stake in Gaotu Techedu in the fourth quarter valued at approximately $343,000. Lighthouse Investment Partners LLC bought a new stake in Gaotu Techedu during the fourth quarter valued at approximately $103,000. Two Sigma Securities LLC purchased a new position in Gaotu Techedu in the 4th quarter worth approximately $86,000. Finally, Marshall Wace LLP purchased a new stake in shares of Gaotu Techedu during the 4th quarter valued at $781,000. Hedge funds and other institutional investors own 48.42% of the company's stock.
Gaotu Techedu Company Profile
(
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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