Youdao, Inc. (NYSE:DAO - Get Free Report) shares saw strong trading volume on Friday . 64,635 shares changed hands during trading, a decline of 44% from the previous session's volume of 115,947 shares.The stock last traded at $6.11 and had previously closed at $6.45.
Youdao Stock Up 4.2 %
The company's 50-day simple moving average is $4.99 and its 200 day simple moving average is $4.04. The stock has a market capitalization of $812.58 million, a price-to-earnings ratio of 96.00 and a beta of -0.06.
Institutional Investors Weigh In On Youdao
A number of large investors have recently added to or reduced their stakes in DAO. Renaissance Technologies LLC lifted its stake in shares of Youdao by 6.7% in the second quarter. Renaissance Technologies LLC now owns 52,300 shares of the company's stock worth $205,000 after buying an additional 3,300 shares during the last quarter. Symmetry Peak Management LLC acquired a new position in Youdao during the 3rd quarter worth $102,000. Finally, Acadian Asset Management LLC boosted its holdings in Youdao by 98.4% during the second quarter. Acadian Asset Management LLC now owns 238,445 shares of the company's stock valued at $928,000 after acquiring an additional 118,245 shares during the period. Institutional investors own 21.91% of the company's stock.
About Youdao
(
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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