Youdao, Inc. Unsponsored ADR (NYSE:DAO - Get Free Report) shares saw unusually-strong trading volume on Thursday . Approximately 130,892 shares were traded during trading, an increase of 9% from the previous session's volume of 120,445 shares.The stock last traded at $8.88 and had previously closed at $8.88.
Wall Street Analyst Weigh In
Separately, Wall Street Zen cut Youdao from a "buy" rating to a "hold" rating in a research report on Sunday. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold".
Check Out Our Latest Analysis on DAO
Youdao Trading Down 2.2%
The company's 50-day moving average price is $8.80 and its two-hundred day moving average price is $8.68. The company has a market cap of $1.09 billion, a P/E ratio of 31.17 and a beta of 0.24.
Youdao (NYSE:DAO - Get Free Report) last released its earnings results on Thursday, August 14th. The company reported ($0.02) EPS for the quarter. The business had revenue of $197.82 million for the quarter, compared to analyst estimates of $1.38 billion. Youdao had a net margin of 4.05% and a negative return on equity of 12.10%.
Hedge Funds Weigh In On Youdao
Hedge funds and other institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC lifted its stake in Youdao by 3.3% during the fourth quarter. Renaissance Technologies LLC now owns 57,100 shares of the company's stock valued at $423,000 after buying an additional 1,800 shares in the last quarter. Walleye Capital LLC bought a new stake in Youdao in the fourth quarter worth approximately $401,000. Marshall Wace LLP acquired a new position in shares of Youdao during the 4th quarter worth $479,000. Jane Street Group LLC bought a new position in Youdao during the fourth quarter valued at about $119,000. Finally, Bank of America Corp DE raised its stake in shares of Youdao by 13,310.0% in the 4th quarter. Bank of America Corp DE now owns 32,050 shares of the company's stock valued at $237,000 after acquiring an additional 31,811 shares in the last quarter. Institutional investors and hedge funds own 21.91% of the company's stock.
Youdao Company Profile
(
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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