Gaotu Techedu Inc. (NYSE:GOTU - Get Free Report) shot up 9.2% during trading on Friday . The stock traded as high as $2.06 and last traded at $2.09. 1,250,889 shares traded hands during trading, a decline of 33% from the average session volume of 1,875,716 shares. The stock had previously closed at $1.91.
Gaotu Techedu Trading Up 14.9 %
The business has a 50 day moving average of $2.34 and a two-hundred day moving average of $3.23. The firm has a market cap of $569.76 million, a P/E ratio of -3.85 and a beta of 0.03.
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 net margin of 26.36% and a negative return on equity of 37.79%.
Institutional Investors Weigh In On Gaotu Techedu
Several hedge funds have recently bought and sold shares of GOTU. Millennium Management LLC boosted its holdings in Gaotu Techedu by 1,233.8% in the 2nd quarter. Millennium Management LLC now owns 579,011 shares of the company's stock valued at $2,837,000 after purchasing an additional 535,601 shares during the period. BRIGHT VALLEY CAPITAL Ltd bought a new stake in shares of Gaotu Techedu in the second quarter valued at approximately $2,450,000. JPMorgan Chase & Co. boosted its stake in shares of Gaotu Techedu by 14.9% in the third quarter. JPMorgan Chase & Co. now owns 832,996 shares of the company's stock valued at $3,265,000 after buying an additional 108,224 shares during the period. State Street Corp grew its position in Gaotu Techedu by 20.7% during the third quarter. State Street Corp now owns 525,166 shares of the company's stock worth $2,059,000 after buying an additional 90,115 shares in the last quarter. Finally, Garden State Investment Advisory Services LLC bought a new position in Gaotu Techedu during the 3rd quarter worth $337,000. 48.42% of the stock is currently owned by institutional investors and hedge funds.
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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