Youdao, Inc. (NYSE:DAO - Get Free Report) shares were down 6% on Wednesday . The company traded as low as $10.33 and last traded at $10.42. Approximately 273,499 shares traded hands during mid-day trading, an increase of 57% from the average daily volume of 173,908 shares. The stock had previously closed at $11.09.
Analyst Upgrades and Downgrades
Separately, Citigroup cut shares of Youdao from a "buy" rating to a "neutral" rating in a report on Thursday, December 19th.
Read Our Latest Stock Report on DAO
Youdao Stock Down 1.3 %
The company's 50-day moving average price is $7.84 and its 200-day moving average price is $5.72. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 146.43 and a beta of 0.03.
Youdao (NYSE:DAO - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.10 earnings per share for the quarter. The firm had revenue of $183.55 million for the quarter. Youdao had a net margin of 1.03% and a negative return on equity of 3.12%.
Hedge Funds Weigh In On Youdao
Institutional investors have recently bought and sold shares of the company. Blue Trust Inc. raised its stake in 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. Public Employees Retirement System of Ohio increased its stake in Youdao by 754.1% during the 4th quarter. Public Employees Retirement System of Ohio now owns 9,421 shares of the company's stock worth $70,000 after buying an additional 8,318 shares during the period. Jane Street Group LLC purchased a new stake in Youdao during the 4th quarter worth approximately $119,000. Vident Advisory LLC increased its stake in Youdao by 35.6% during the 4th quarter. Vident Advisory LLC now owns 19,707 shares of the company's stock worth $146,000 after buying an additional 5,170 shares during the period. Finally, Symmetry Peak Management LLC acquired a new position in Youdao during the 3rd quarter worth approximately $102,000. 21.91% of the stock is owned by hedge funds and other institutional investors.
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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