Gaotu Techedu Inc. (NYSE:GOTU - Get Free Report) shares were up 7.2% during mid-day trading on Tuesday . The stock traded as high as $2.30 and last traded at $2.29. Approximately 169,293 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 1,829,417 shares. The stock had previously closed at $2.14.
Gaotu Techedu Trading Up 6.8 %
The firm's 50-day moving average price is $2.30 and its 200 day moving average price is $3.07. The company has a market cap of $593.12 million, a price-to-earnings ratio of -4.01 and a beta of 0.06.
Gaotu Techedu (NYSE:GOTU - Get Free Report) last posted its quarterly earnings results on Wednesday, December 4th. The company reported ($0.26) EPS for the quarter. Gaotu Techedu had a negative return on equity of 37.79% and a negative net margin of 26.36%.
Hedge Funds Weigh In On Gaotu Techedu
A number of institutional investors have recently modified their holdings of GOTU. Public Employees Retirement System of Ohio acquired a new position in Gaotu Techedu during the third quarter worth $38,000. Barclays PLC increased its position in shares of Gaotu Techedu by 87.8% during the third quarter. Barclays PLC now owns 73,008 shares of the company's stock worth $286,000 after acquiring an additional 34,133 shares in the last quarter. Garden State Investment Advisory Services LLC acquired a new stake in shares of Gaotu Techedu in the 3rd quarter worth about $337,000. SG Americas Securities LLC lifted its position in Gaotu Techedu by 473.6% in the 3rd quarter. SG Americas Securities LLC now owns 88,231 shares of the company's stock valued at $346,000 after acquiring an additional 72,849 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its stake in Gaotu Techedu by 249.7% during the 3rd quarter. GSA Capital Partners LLP now owns 90,881 shares of the company's stock valued at $356,000 after purchasing an additional 64,896 shares during the last quarter. 48.42% of the stock is owned by institutional investors and hedge funds.
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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