Youdao, Inc. (NYSE:DAO - Get Free Report) shares saw unusually-high trading volume on Tuesday . Approximately 113,206 shares changed hands during mid-day trading, a decline of 11% from the previous session's volume of 127,872 shares.The stock last traded at $8.20 and had previously closed at $7.75.
Youdao Price Performance
The company's 50-day moving average price is $8.18 and its 200-day moving average price is $7.16. The company has a market cap of $1.02 billion, a P/E ratio of 84.66 and a beta of 0.32.
Youdao (NYSE:DAO - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.10 earnings per share (EPS) for the quarter. The firm had revenue of $183.55 million during the quarter. Youdao had a negative return on equity of 3.75% and a net margin of 1.50%.
Institutional Investors Weigh In On Youdao
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in Youdao during the fourth quarter worth $715,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Youdao in the 4th quarter valued at about $554,000. Marshall Wace LLP acquired a new stake in Youdao during the fourth quarter worth approximately $479,000. Walleye Capital LLC bought a new stake in shares of Youdao during the fourth quarter worth approximately $401,000. Finally, Bank of America Corp DE grew its position in shares of Youdao by 13,310.0% in the fourth quarter. Bank of America Corp DE now owns 32,050 shares of the company's stock valued at $237,000 after purchasing an additional 31,811 shares during the last quarter. 21.91% of the stock is owned by institutional investors.
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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