Gaotu Techedu Inc. (NYSE:GOTU - Get Free Report)'s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $2.63, but opened at $2.84. Gaotu Techedu shares last traded at $2.80, with a volume of 496,908 shares traded.
Gaotu Techedu Trading Up 4.2 %
The firm has a market capitalization of $776.11 million, a PE ratio of -5.25 and a beta of 0.18. The business's 50 day simple moving average is $3.10 and its two-hundred day simple moving average is $2.76.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Catalyst Funds Management Pty Ltd purchased a new position in shares of Gaotu Techedu in the fourth quarter worth approximately $38,000. Two Sigma Advisers LP purchased a new stake in shares of Gaotu Techedu in the 4th quarter worth $41,000. PFG Investments LLC bought a new position in Gaotu Techedu in the 1st quarter worth $76,000. Two Sigma Securities LLC purchased a new position in Gaotu Techedu during the fourth quarter valued at $86,000. Finally, Lighthouse Investment Partners LLC bought a new stake in Gaotu Techedu during the fourth quarter valued at about $103,000. 48.42% of the stock is owned by hedge funds and other institutional investors.
About Gaotu Techedu
(
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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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