Youdao, Inc. (NYSE:DAO - Get Free Report)'s share price fell 3.2% during mid-day trading on Monday . The stock traded as low as $4.81 and last traded at $4.81. 3,383 shares traded hands during trading, a decline of 97% from the average session volume of 115,997 shares. The stock had previously closed at $4.97.
Youdao Price Performance
The company has a market cap of $585.25 million, a price-to-earnings ratio of -12.97 and a beta of -0.03. The firm has a 50-day moving average price of $3.68 and a 200 day moving average price of $3.71.
Youdao (NYSE:DAO - Get Free Report) last issued 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 firm had revenue of $181.88 million for the quarter.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Youdao stock. Acadian Asset Management LLC lifted its holdings in Youdao, Inc. (NYSE:DAO - Free Report) by 98.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 238,445 shares of the company's stock after buying an additional 118,245 shares during the quarter. Acadian Asset Management LLC owned approximately 0.20% of Youdao worth $928,000 as of its most recent SEC filing. 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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