CLSA lowered shares of Gaotu Techedu (NYSE:GOTU – Free Report) from an outperform rating to an underperform rating in a report released on Thursday morning, MarketBeat.com reports. They currently have $3.30 target price on the stock, down from their previous target price of $3.32.
Gaotu Techedu Trading Down 11.1 %
Shares of GOTU opened at $2.88 on Thursday. The firm has a fifty day simple moving average of $3.29 and a 200 day simple moving average of $3.45. Gaotu Techedu has a 12 month low of $0.64 and a 12 month high of $5.49. The stock has a market capitalization of $747.50 million, a price-to-earnings ratio of 72.00 and a beta of -0.59.
Gaotu Techedu (NYSE:GOTU – Get Free Report) last posted its quarterly earnings results on Tuesday, May 30th. The company reported $0.06 earnings per share for the quarter. Gaotu Techedu had a net margin of 2.99% and a return on equity of 2.39%. The company had revenue of $102.99 million for the quarter.
Institutional Trading of Gaotu Techedu
About Gaotu Techedu
Gaotu Techedu Inc, a technology-driven education company, provides online K-12 after-school tutoring services in the People's Republic of China. The company provides foreign language courses comprising English and Japanese, as well as test preparation courses for students taking language certification exams; and professional courses primarily for college students and adults preparing for professional qualification exams, such teacher's qualification, Chartered Financial Analyst designation, Certified Public Accountant designation, Certified Tax Agent designation, securities qualification exams, and other exams.
- Five stocks we like better than Gaotu Techedu
- 3 Grocery Stocks That Can Help Take a Bite Out of Inflation
- 3 Takeaways from the August Inflation Report
- Compound Interest and Why It Matters When Investing
- On Fire: 5 Best Artificial Intelligence Penny Stocks
- How to Invest in Small Cap Stocks
- 6 Cybersecurity Stocks: Which is the Best to Buy?
Receive News & Ratings for Gaotu Techedu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gaotu Techedu and related companies with MarketBeat.com's FREE daily email newsletter.