Youdao, Inc. (NYSE:DAO - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $4.89 and last traded at $4.89, with a volume of 49665 shares. The stock had previously closed at $4.32.
Youdao Price Performance
The firm's 50 day moving average price is $3.41 and its 200-day moving average price is $3.65. The stock has a market cap of $719.47 million, a P/E ratio of -15.66 and a beta of -0.03.
Youdao (NYSE:DAO - Get Free Report) last announced its quarterly earnings data on Thursday, August 22nd. The company reported ($0.12) earnings per share for the quarter, topping analysts' consensus estimates of ($1.86) by $1.74. The firm had revenue of $181.88 million during the quarter.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Youdao stock. Renaissance Technologies LLC boosted its stake in shares of Youdao, Inc. (NYSE:DAO - Free Report) by 6.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,300 shares of the company's stock after purchasing an additional 3,300 shares during the period. Renaissance Technologies LLC's holdings in Youdao were worth $205,000 at the end of the most recent reporting period. 21.91% of the stock is currently owned by institutional investors and hedge funds.
About Youdao
(
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Youdao, Inc, an internet technology company, provides online services in the field of content, community, communication, and commerce in China. It operates through three segments: Learning Services, Smart Devices, and Online Marketing Services. The company provides various learning content, applications, and solutions, which cover topics and target people from various age groups for their learning needs through its websites and mobile applications.
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