Youdao, Inc. (NYSE:DAO - Get Free Report) shares reached a new 52-week high on Tuesday . The company traded as high as $8.83 and last traded at $8.09, with a volume of 134201 shares changing hands. The stock had previously closed at $8.05.
Analyst Upgrades and Downgrades
Separately, Citigroup downgraded Youdao from a "buy" rating to a "neutral" rating in a report on Thursday, December 19th.
Read Our Latest Stock Analysis on DAO
Youdao Trading Down 2.7 %
The company has a market cap of $945.59 million, a price-to-earnings ratio of 111.71 and a beta of 0.03. The business's 50 day moving average price is $7.18 and its 200-day moving average price is $5.22.
Institutional Trading of Youdao
Several hedge funds have recently added to or reduced their stakes in DAO. Blue Trust Inc. increased its stake in Youdao by 29.1% during the 4th quarter. Blue Trust Inc. now owns 8,733 shares of the company's stock worth $65,000 after acquiring an additional 1,969 shares during the period. Renaissance Technologies LLC grew its holdings 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 purchasing an additional 3,300 shares in the last quarter. Finally, Symmetry Peak Management LLC bought a new position in shares of Youdao in the third quarter worth $102,000. 21.91% of the stock is 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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