Gaotu Techedu Inc. (NYSE:GOTU - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $3.12 and last traded at $3.11, with a volume of 484983 shares changing hands. The stock had previously closed at $3.07.
Gaotu Techedu Trading Up 2.9 %
The firm has a market capitalization of $889.03 million, a price-to-earnings ratio of -6.01 and a beta of 0.29. The stock's 50-day moving average is $3.16 and its 200-day moving average is $2.74.
Institutional Trading of Gaotu Techedu
Hedge funds have recently made changes to their positions in the company. Catalyst Funds Management Pty Ltd bought a new stake in Gaotu Techedu during the 4th quarter worth approximately $38,000. Two Sigma Advisers LP bought a new position in Gaotu Techedu during the 4th quarter worth $41,000. PFG Investments LLC acquired a new position in Gaotu Techedu during the 1st quarter worth about $76,000. Barclays PLC grew its position in shares of Gaotu Techedu by 87.8% in the 3rd quarter. Barclays PLC now owns 73,008 shares of the company's stock valued at $286,000 after buying an additional 34,133 shares during the last quarter. Finally, Two Sigma Securities LLC acquired a new stake in shares of Gaotu Techedu in the fourth quarter valued at about $86,000. 48.42% of the stock is owned by institutional investors and hedge funds.
About Gaotu Techedu
(
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.
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