QuantaSing Group Limited (NASDAQ:QSG - Get Free Report) was down 5.5% during trading on Friday . The company traded as low as $10.72 and last traded at $10.88. Approximately 590,212 shares changed hands during mid-day trading, an increase of 32% from the average daily volume of 448,319 shares. The stock had previously closed at $11.51.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on QSG. Wall Street Zen cut QuantaSing Group from a "buy" rating to a "hold" rating in a report on Saturday, June 7th. Citigroup raised QuantaSing Group from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $6.10 to $9.52 in a report on Tuesday, June 10th.
Read Our Latest Stock Analysis on QSG
QuantaSing Group Stock Performance
The firm has a market capitalization of $560.77 million, a PE ratio of 11.06 and a beta of -1.43. The company has a fifty day moving average price of $6.25 and a 200-day moving average price of $3.88.
Institutional Trading of QuantaSing Group
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC purchased a new stake in QuantaSing Group during the 4th quarter valued at $27,000. Millennium Management LLC raised its holdings in QuantaSing Group by 173.5% during the 4th quarter. Millennium Management LLC now owns 36,685 shares of the company's stock valued at $79,000 after buying an additional 23,272 shares during the period. NewEdge Advisors LLC raised its holdings in QuantaSing Group by 17.4% during the 1st 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 raised its holdings 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 buying an additional 69,963 shares during the period.
About QuantaSing Group
(
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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