Youdao, Inc. (NYSE:DAO - Get Free Report)'s share price dropped 4.1% during trading on Thursday . The stock traded as low as $7.02 and last traded at $7.10. Approximately 8,284 shares were traded during trading, a decline of 93% from the average daily volume of 119,351 shares. The stock had previously closed at $7.40.
Analyst Ratings Changes
Separately, Citigroup cut shares of Youdao from a "buy" rating to a "neutral" rating in a report on Thursday, December 19th.
Check Out Our Latest Stock Report on Youdao
Youdao Price Performance
The company has a market capitalization of $862.16 million, a PE ratio of 101.86 and a beta of 0.04. The company's fifty day moving average is $6.15 and its 200-day moving average is $4.59.
Institutional Investors Weigh In On Youdao
Institutional investors have recently added to or reduced their stakes in the stock. Symmetry Peak Management LLC acquired a new stake in Youdao in the third quarter valued at approximately $102,000. Renaissance Technologies LLC lifted 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 valued at $205,000 after purchasing an additional 3,300 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its position 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 worth $928,000 after purchasing an additional 118,245 shares in the last quarter. 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.
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