Youdao, Inc. (NYSE:DAO - Get Free Report)'s stock price gapped down before the market opened on Thursday . The stock had previously closed at $4.09, but opened at $4.00. Youdao shares last traded at $4.10, with a volume of 4,907 shares traded.
Youdao Trading Down 2.0 %
The stock's 50-day simple moving average is $3.98 and its 200-day simple moving average is $3.97. The stock has a market cap of $500.41 million, a price-to-earnings ratio of -6.48 and a beta of -0.11.
Youdao (NYSE:DAO - Get Free Report) last issued its quarterly earnings results on Thursday, February 29th. The company reported $0.08 earnings per share for the quarter. The firm had revenue of $208.53 million for the quarter.
Hedge Funds Weigh In On Youdao
Several institutional investors and hedge funds have recently added to or reduced their stakes in DAO. Envestnet Asset Management Inc. bought a new position in Youdao in the 1st quarter valued at approximately $108,000. BlackRock Inc. lifted its stake in Youdao by 11.2% in the 1st quarter. BlackRock Inc. now owns 707,704 shares of the company's stock valued at $5,023,000 after purchasing an additional 71,475 shares during the last quarter. Engineers Gate Manager LP bought a new position in Youdao in the 1st quarter valued at approximately $124,000. State Street Corp lifted its stake in Youdao by 3.1% in the 1st quarter. State Street Corp now owns 219,217 shares of the company's stock valued at $1,556,000 after purchasing an additional 6,552 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Youdao during the first quarter valued at $87,000. Institutional investors own 21.91% of the company's stock.
About Youdao
(
Get Free Report)
Youdao, Inc, an internet technology company, provides online services in the field of content, community, communication, and commerce in China. It operates through three segments: Learning Services, Smart Devices, and Online Marketing Services. The company provides various learning content, applications, and solutions, which cover topics and target people from various age groups for their learning needs through its websites and mobile applications.
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