Shares of Youdao, Inc. (NYSE:DAO - Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as $8.07 and last traded at $7.97, with a volume of 63569 shares traded. The stock had previously closed at $7.56.
Wall Street Analysts Forecast Growth
Separately, Citigroup cut shares of Youdao from a "buy" rating to a "neutral" rating in a research note on Thursday, December 19th.
View Our Latest Stock Analysis on Youdao
Youdao Price Performance
The firm has a market capitalization of $950.67 million, a P/E ratio of 112.31 and a beta of 0.01. The stock has a fifty day simple moving average of $6.84 and a two-hundred day simple moving average of $5.02.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC grew its stake 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 during the period. Symmetry Peak Management LLC purchased a new position in shares of Youdao in the third quarter worth about $102,000. Finally, Blue Trust Inc. raised its position in shares of Youdao by 29.1% in the fourth quarter. Blue Trust Inc. now owns 8,733 shares of the company's stock valued at $65,000 after purchasing an additional 1,969 shares during the period. Hedge funds and other institutional investors 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.
Further Reading
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