Gaotu Techedu Inc. (NYSE:GOTU - Get Free Report) shares rose 6.5% on Friday . The stock traded as high as $2.78 and last traded at $2.74. Approximately 1,825,547 shares changed hands during trading, a decline of 15% from the average daily volume of 2,150,472 shares. The stock had previously closed at $2.57.
Gaotu Techedu Price Performance
The stock's 50-day moving average is $2.28 and its two-hundred day moving average is $2.85. The company has a market cap of $660.61 million, a P/E ratio of -4.46 and a beta of 0.06.
Gaotu Techedu (NYSE:GOTU - Get Free Report) last issued its quarterly earnings data on Wednesday, December 4th. The company reported ($0.26) earnings per share for the quarter. Gaotu Techedu had a negative return on equity of 37.79% and a negative net margin of 26.36%.
Institutional Trading of Gaotu Techedu
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Two Sigma Advisers LP purchased a new position in shares of Gaotu Techedu during the 4th quarter valued at $41,000. Point72 Asset Management L.P. bought a new position in Gaotu Techedu during the fourth quarter valued at $343,000. Lighthouse Investment Partners LLC bought a new stake in shares of Gaotu Techedu in the 4th quarter valued at approximately $103,000. Two Sigma Securities LLC bought a new stake in Gaotu Techedu in the fourth quarter worth $86,000. Finally, Marshall Wace LLP bought a new stake in shares of Gaotu Techedu in the 4th quarter worth about $781,000. Hedge funds and other institutional investors own 48.42% of the company's stock.
Gaotu Techedu Company Profile
(
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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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