Shares of Youdao, Inc. (NYSE:DAO - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $8.01 and last traded at $8.01, with a volume of 35082 shares trading hands. The stock had previously closed at $7.74.
Youdao Price Performance
The stock has a 50-day moving average of $5.60 and a 200-day moving average of $4.31. The firm has a market cap of $943.18 million, a price-to-earnings ratio of 111.43 and a beta of 0.04.
Institutional Investors Weigh In On Youdao
A number of large investors have recently bought and sold shares of DAO. Renaissance Technologies LLC boosted its position in shares of Youdao by 6.7% during the 2nd quarter. Renaissance Technologies LLC now owns 52,300 shares of the company's stock worth $205,000 after acquiring an additional 3,300 shares in the last quarter. Symmetry Peak Management LLC bought a new stake in Youdao during the third quarter worth $102,000. Finally, Acadian Asset Management LLC boosted its holdings in shares of Youdao by 98.4% in the 2nd quarter. Acadian Asset Management LLC now owns 238,445 shares of the company's stock valued at $928,000 after purchasing an additional 118,245 shares in the last quarter. 21.91% of the stock is currently owned by institutional investors and hedge funds.
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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