QuantaSing Group Limited (NASDAQ:QSG - Get Free Report)'s stock price rose 12.2% on Tuesday . The stock traded as high as $7.30 and last traded at $7.06. Approximately 819,107 shares changed hands during trading, an increase of 104% from the average daily volume of 401,050 shares. The stock had previously closed at $6.29.
QuantaSing Group Stock Performance
The stock's 50 day simple moving average is $5.46 and its 200-day simple moving average is $3.49. The firm has a market cap of $312.39 million, a price-to-earnings ratio of 6.16 and a beta of -1.48.
QuantaSing Group (NASDAQ:QSG - Get Free Report) last announced its quarterly earnings data on Tuesday, March 11th. The company reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.13. The firm had revenue of $99.55 million for the quarter, compared to analyst estimates of $97.90 million. QuantaSing Group had a net margin of 10.67% and a return on equity of 88.29%. On average, analysts expect that QuantaSing Group Limited will post 0.71 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the company. Geode Capital Management LLC purchased a new stake in QuantaSing Group in the fourth quarter valued at approximately $27,000. Acadian Asset Management LLC lifted its stake in QuantaSing Group by 301.6% during the 1st quarter. Acadian Asset Management LLC now owns 93,158 shares of the company's stock valued at $369,000 after acquiring an additional 69,963 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of QuantaSing Group by 17.4% in the 1st quarter. NewEdge Advisors LLC now owns 29,636 shares of the company's stock valued at $119,000 after acquiring an additional 4,394 shares during the last quarter. Finally, Millennium Management LLC increased its stake in shares of QuantaSing Group by 173.5% in the fourth quarter. Millennium Management LLC now owns 36,685 shares of the company's stock worth $79,000 after acquiring an additional 23,272 shares during the period.
QuantaSing Group Company Profile
(
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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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