Gaotu Techedu (NYSE:GOTU) Shares Down 4.2% - What's Next?

Shares of Gaotu Techedu Inc. (NYSE:GOTU - Get Free Report) fell 4.2% on Thursday . The stock traded as low as $3.61 and last traded at $3.73. 421,742 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 2,334,981 shares. The stock had previously closed at $3.89.

Gaotu Techedu Trading Down 4.5 %

The stock has a market cap of $835.82 million, a P/E ratio of -5.65 and a beta of 0.10. The stock's 50-day moving average is $2.77 and its 200-day moving average is $2.82.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio bought a new position in Gaotu Techedu during the 3rd quarter valued at $38,000. Catalyst Funds Management Pty Ltd acquired a new position in Gaotu Techedu during the fourth quarter worth about $38,000. Two Sigma Advisers LP bought a new stake in Gaotu Techedu in the fourth quarter worth about $41,000. Two Sigma Securities LLC acquired a new stake in Gaotu Techedu in the 4th quarter valued at about $86,000. Finally, Lighthouse Investment Partners LLC bought a new position in shares of Gaotu Techedu during the 4th quarter valued at about $103,000. Institutional investors and hedge funds own 48.42% of the company's stock.

Gaotu Techedu Company Profile

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.

Remove Ads