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QuantaSing Group (NASDAQ:QSG) Stock Price Down 7.4% - Here's Why

QuantaSing Group logo with Consumer Discretionary background

QuantaSing Group Limited (NASDAQ:QSG - Get Free Report) dropped 7.4% on Wednesday . The company traded as low as $2.81 and last traded at $3.15. Approximately 91,856 shares were traded during trading, a decline of 64% from the average daily volume of 255,362 shares. The stock had previously closed at $3.40.

QuantaSing Group Trading Up 7.3 %

The company has a market capitalization of $173.09 million, a PE ratio of 3.55 and a beta of 0.29. The stock has a fifty day moving average of $2.64 and a two-hundred day moving average of $2.30.

QuantaSing Group (NASDAQ:QSG - Get Free Report) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $0.50 EPS for the quarter. The business had revenue of $137.62 million for the quarter. QuantaSing Group had a return on equity of 104.58% and a net margin of 10.15%. Equities analysts forecast that QuantaSing Group Limited will post 0.72 EPS for the current year.

QuantaSing Group Dividend Announcement

The business also recently declared a -- dividend, which will be paid on Friday, November 15th. Shareholders of record on Wednesday, October 30th will be paid a $0.201 dividend. The ex-dividend date is Wednesday, October 30th.

Hedge Funds Weigh In On QuantaSing Group

A number of large investors have recently bought and sold shares of QSG. Acadian Asset Management LLC bought a new stake in shares of QuantaSing Group in the 2nd quarter worth approximately $36,000. Renaissance Technologies LLC bought a new stake in shares of QuantaSing Group in the 2nd quarter worth approximately $49,000. Finally, Boston Partners bought a new stake in shares of QuantaSing Group in the 1st quarter worth approximately $401,000.

QuantaSing Group Company Profile

(Get Free Report)

QuantaSing Group Limited provides online learning services in the People's Republic of China. The company offers online courses, including financial literacy, short-video production, personal well-being, electronic keyboard, and meditation courses. It also offers marketing and enterprise talent management services to enterprise customers.

See Also

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