Youdao, Inc. (NYSE:DAO - Get Free Report) rose 6% during trading on Friday . The company traded as high as $6.83 and last traded at $6.83. Approximately 28,579 shares changed hands during trading, a decline of 61% from the average daily volume of 73,789 shares. The stock had previously closed at $6.44.
Wall Street Analysts Forecast Growth
Separately, Citigroup lowered shares of Youdao from a "buy" rating to a "neutral" rating in a report on Thursday, December 19th.
Check Out Our Latest Stock Analysis on DAO
Youdao Stock Performance
The stock's fifty day simple moving average is $6.51 and its two-hundred day simple moving average is $4.82. The company has a market cap of $862.76 million, a price-to-earnings ratio of 102.20 and a beta of 0.01.
Institutional Investors Weigh In On Youdao
A hedge fund recently raised its stake in Youdao stock. Renaissance Technologies LLC raised its holdings in shares of Youdao, Inc. (NYSE:DAO - Free Report) by 6.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,300 shares of the company's stock after buying an additional 3,300 shares during the period. Renaissance Technologies LLC's holdings in Youdao were worth $205,000 at the end of the most recent reporting 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.
Further Reading
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