Gaotu Techedu (NYSE:GOTU) Shares Down 3.2%

Gaotu Techedu Inc. (NYSE:GOTUGet Free Report) shares were down 3.2% on Friday . The stock traded as low as $5.47 and last traded at $5.52. Approximately 248,227 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 4,216,502 shares. The stock had previously closed at $5.70.

Gaotu Techedu Stock Down 8.9 %

The company has a 50 day simple moving average of $6.06 and a 200-day simple moving average of $5.62. The stock has a market cap of $1.34 billion and a price-to-earnings ratio of -64.88.

Gaotu Techedu (NYSE:GOTUGet Free Report) last announced its quarterly earnings data on Tuesday, May 21st. The company reported ($0.01) earnings per share for the quarter. Gaotu Techedu had a negative net margin of 4.22% and a negative return on equity of 4.19%. The business had revenue of $131.14 million for the quarter.

Institutional Investors Weigh In On Gaotu Techedu

Hedge funds have recently made changes to their positions in the business. Tiger Pacific Capital LP acquired a new position in Gaotu Techedu in the fourth quarter worth approximately $10,665,000. HCEP Management Ltd acquired a new position in Gaotu Techedu in the fourth quarter worth approximately $3,620,000. Harvest Fund Management Co. Ltd grew its position in Gaotu Techedu by 20.4% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 5,373,915 shares of the company’s stock worth $19,507,000 after buying an additional 909,354 shares during the last quarter. Jump Financial LLC acquired a new position in Gaotu Techedu in the fourth quarter worth approximately $313,000. Finally, Garden State Investment Advisory Services LLC acquired a new position in Gaotu Techedu in the fourth quarter worth approximately $1,062,000. Institutional investors own 48.42% of the company’s stock.

Gaotu Techedu Company Profile

(Get Free Report)

Gaotu Techedu Inc, a technology-driven education company, provides learning services, educational content, and digitalized learning products in the People's Republic of China. The company offers traditional online academic subject tutoring services that covers academic subjects, such as mathematics, English, Chinese, physics, chemistry, biology, history, geography, and political science for students; non-academic tutoring services; personal interest courses comprising chess learning, family relationships and education, humanities, and science courses; and professional courses primarily for college students and adults preparing for professional qualification exams, such as teacher's qualification, Chartered Financial Analyst designation, Certified Public Accountant designation, and other exams.

Further Reading

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