Youdao, Inc. (NYSE:DAO - Get Free Report) shares saw strong trading volume on Tuesday . 113,206 shares traded hands during mid-day trading, a decline of 11% from the previous session's volume of 127,872 shares.The stock last traded at $8.20 and had previously closed at $7.75.
Youdao Stock Up 5.5 %
The business has a 50-day moving average price of $8.33 and a 200-day moving average price of $7.09. The firm has a market capitalization of $988.64 million, a price-to-earnings ratio of 81.76 and a beta of 0.32.
Youdao (NYSE:DAO - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.10 earnings per share for the quarter. The business had revenue of $183.55 million for the quarter. Youdao had a negative return on equity of 3.75% and a net margin of 1.50%.
Hedge Funds Weigh In On Youdao
Hedge funds have recently made changes to their positions in the company. Blue Trust Inc. lifted its holdings in shares of Youdao by 29.1% during the fourth quarter. Blue Trust Inc. now owns 8,733 shares of the company's stock worth $65,000 after purchasing an additional 1,969 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Youdao during the fourth quarter worth $554,000. Norges Bank acquired a new position in Youdao during the fourth quarter valued at $715,000. Renaissance Technologies LLC lifted its holdings in Youdao by 3.3% in the fourth quarter. Renaissance Technologies LLC now owns 57,100 shares of the company's stock valued at $423,000 after acquiring an additional 1,800 shares during the period. Finally, Walleye Capital LLC acquired a new stake in shares of Youdao during the 4th quarter valued at about $401,000. 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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