Youdao, Inc. (NYSE:DAO - Get Free Report) shot up 7.6% during trading on Tuesday . The stock traded as high as $5.26 and last traded at $5.22. 80,974 shares changed hands during trading, a decline of 30% from the average session volume of 116,060 shares. The stock had previously closed at $4.85.
Youdao Stock Performance
The stock has a market cap of $631.20 million, a P/E ratio of -32.63 and a beta of -0.03. The business's 50-day moving average price is $4.00 and its 200-day moving average price is $3.77.
Youdao (NYSE:DAO - Get Free Report) last posted its quarterly earnings results on Thursday, August 22nd. The company reported ($0.12) EPS for the quarter, beating analysts' consensus estimates of ($1.86) by $1.74. The business had revenue of $181.88 million for the quarter.
Hedge Funds Weigh In On Youdao
An institutional investor recently raised its position in Youdao stock. Acadian Asset Management LLC grew its position in Youdao, Inc. (NYSE:DAO - Free Report) by 98.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 238,445 shares of the company's stock after acquiring an additional 118,245 shares during the quarter. Acadian Asset Management LLC owned 0.20% of Youdao worth $928,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 21.91% of the company's stock.
Youdao Company Profile
(
Get Free Report)
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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