Gaotu Techedu Inc. (NYSE:GOTU - Get Free Report)'s stock price dropped 5% during trading on Tuesday . The company traded as low as $1.96 and last traded at $1.99. Approximately 1,005,959 shares were traded during mid-day trading, a decline of 40% from the average daily volume of 1,664,770 shares. The stock had previously closed at $2.09.
Gaotu Techedu Trading Down 7.0 %
The company has a market cap of $504.34 million, a price-to-earnings ratio of -3.41 and a beta of 0.03. The stock's 50 day moving average price is $2.38 and its 200 day moving average price is $3.28.
Gaotu Techedu (NYSE:GOTU - Get Free Report) last announced 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%.
Institutional Investors Weigh In On Gaotu Techedu
A number of large investors have recently modified their holdings of GOTU. Public Employees Retirement System of Ohio purchased a new position in Gaotu Techedu in the 3rd quarter valued at about $38,000. Barclays PLC grew its stake in Gaotu Techedu by 87.8% during the 3rd quarter. Barclays PLC now owns 73,008 shares of the company's stock valued at $286,000 after purchasing an additional 34,133 shares in the last quarter. Garden State Investment Advisory Services LLC purchased a new stake in Gaotu Techedu during the 3rd quarter worth approximately $337,000. SG Americas Securities LLC raised its position in shares of 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 purchasing an additional 72,849 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its stake in shares of 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 buying an additional 64,896 shares during the last quarter. Institutional investors and hedge funds own 48.42% of the company's stock.
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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