Gaotu Techedu (NYSE:GOTU) Shares Down 5.8% - What's Next?

Shares of Gaotu Techedu Inc. (NYSE:GOTU - Get Free Report) were down 5.8% during trading on Tuesday . The company traded as low as $3.11 and last traded at $3.06. Approximately 885,017 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 2,764,988 shares. The stock had previously closed at $3.25.

Gaotu Techedu Price Performance

The firm has a market cap of $756.65 million, a price-to-earnings ratio of -5.11 and a beta of 0.18. The business has a 50-day moving average of $3.00 and a 200-day moving average of $2.84.

Hedge Funds Weigh In On Gaotu Techedu

A number of institutional investors have recently bought and sold shares of GOTU. Two Sigma Advisers LP acquired a new stake in Gaotu Techedu during the 4th quarter valued at $41,000. Point72 Asset Management L.P. acquired a new position in shares of Gaotu Techedu in the fourth quarter valued at about $343,000. Lighthouse Investment Partners LLC bought a new position in shares of Gaotu Techedu during the fourth quarter worth approximately $103,000. Two Sigma Securities LLC bought a new position in Gaotu Techedu during the 4th quarter worth $86,000. Finally, Marshall Wace LLP bought a new position in Gaotu Techedu in the 4th quarter valued at about $781,000. 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.