QuantaSing Group Limited Unsponsored ADR (NASDAQ:QSG - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as $13.20 and last traded at $13.14, with a volume of 2617022 shares trading hands. The stock had previously closed at $10.95.
Wall Street Analyst Weigh In
Several brokerages have weighed in on QSG. Wall Street Zen cut QuantaSing Group from a "buy" rating to a "hold" rating in a research note on Saturday, June 7th. Citigroup upgraded shares of QuantaSing Group from a "neutral" rating to a "buy" rating and increased their target price for the company from $6.10 to $9.52 in a report on Tuesday, June 10th.
Check Out Our Latest Stock Analysis on QSG
QuantaSing Group Trading Down 13.3%
The company's 50-day simple moving average is $6.99 and its 200 day simple moving average is $4.16. The stock has a market cap of $599.18 million, a P/E ratio of 10.54 and a beta of -1.43.
Institutional Trading of QuantaSing Group
A number of hedge funds have recently bought and sold shares of QSG. Geode Capital Management LLC bought a new position in QuantaSing Group in the 4th quarter valued at $27,000. Millennium Management LLC boosted its holdings in shares of QuantaSing Group by 173.5% in the 4th quarter. Millennium Management LLC now owns 36,685 shares of the company's stock worth $79,000 after buying an additional 23,272 shares during the last quarter. NewEdge Advisors LLC grew its position in QuantaSing Group by 17.4% during the first quarter. NewEdge Advisors LLC now owns 29,636 shares of the company's stock valued at $119,000 after buying an additional 4,394 shares during the period. Finally, Acadian Asset Management LLC increased its holdings in QuantaSing Group by 301.6% during the first quarter. Acadian Asset Management LLC now owns 93,158 shares of the company's stock worth $369,000 after buying an additional 69,963 shares during the last quarter.
QuantaSing Group Company Profile
(
Get Free Report)
QuantaSing Group Limited provides online learning services in the People's Republic of China. The company offers online courses, including financial literacy, short-video production, personal well-being, electronic keyboard, and meditation courses. It also offers marketing and enterprise talent management services to enterprise customers.
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