Gaotu Techedu Inc. (NYSE:GOTU - Get Free Report)'s share price dropped 2.5% during mid-day trading on Thursday . The company traded as low as $2.31 and last traded at $2.32. Approximately 741,631 shares were traded during trading, a decline of 77% from the average daily volume of 3,255,169 shares. The stock had previously closed at $2.38.
Gaotu Techedu Price Performance
The company has a market capitalization of $602.20 million, a P/E ratio of -4.07 and a beta of -0.01. The stock's fifty day simple moving average is $2.74 and its 200-day simple moving average is $3.68.
Institutional Trading of Gaotu Techedu
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio bought a new stake in shares of Gaotu Techedu in the 3rd quarter worth approximately $38,000. SG Americas Securities LLC bought a new position in Gaotu Techedu in the second quarter worth $75,000. Barclays PLC lifted its position in Gaotu Techedu by 87.8% in the third quarter. Barclays PLC now owns 73,008 shares of the company's stock worth $286,000 after purchasing an additional 34,133 shares during the period. Garden State Investment Advisory Services LLC acquired a new stake in Gaotu Techedu during the third quarter worth $337,000. Finally, GSA Capital Partners LLP increased its holdings in Gaotu Techedu by 249.7% in the 3rd quarter. GSA Capital Partners LLP now owns 90,881 shares of the company's stock valued at $356,000 after buying an additional 64,896 shares during the period. 48.42% of the stock is currently owned by institutional investors and hedge funds.
About Gaotu Techedu
(
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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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