Gaotu Techedu (NYSE:GOTU) Trading Up 3.1%

Shares of Gaotu Techedu Inc. (NYSE:GOTU – Get Rating) were up 3.1% on Thursday . The company traded as high as $1.69 and last traded at $1.67. Approximately 1,609,405 shares traded hands during mid-day trading, a decline of 66% from the average daily volume of 4,714,375 shares. The stock had previously closed at $1.62.

Gaotu Techedu Trading Up 0.6 %

The company has a 50 day moving average price of $1.79 and a 200 day moving average price of $1.77. The company has a market capitalization of $431.81 million, a P/E ratio of -1.71 and a beta of -1.26.

Gaotu Techedu (NYSE:GOTU – Get Rating) last issued its earnings results on Monday, June 6th. The company reported $0.03 EPS for the quarter. Gaotu Techedu had a negative return on equity of 53.56% and a negative net margin of 30.14%. The company had revenue of $114.31 million during the quarter.

Institutional Trading of Gaotu Techedu

Hedge funds have recently added to or reduced their stakes in the company. Davy Global Fund Management Ltd acquired a new position in Gaotu Techedu in the 4th quarter valued at $602,000. qPULA Trading Management LP acquired a new position in Gaotu Techedu in the 4th quarter valued at $113,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Gaotu Techedu in the 4th quarter valued at $2,007,000. Zhang Financial LLC acquired a new position in Gaotu Techedu in the 4th quarter valued at $31,000. Finally, Vontobel Holding Ltd. acquired a new position in Gaotu Techedu in the 4th quarter valued at $82,000. 20.37% of the stock is owned by institutional investors and hedge funds.

Gaotu Techedu Company Profile

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Gaotu Techedu Inc, a technology-driven education company, provides online K-12 after-school tutoring services in the People's Republic of China. Its K-12 after-school tutoring courses cover various K-12 academic subjects, including mathematics, English, Chinese, physics, chemistry, biology, history, geography, and political science.