Shares of Youdao, Inc. (NYSE:DAO - Get Free Report) shot up 8% during mid-day trading on Monday . The company traded as high as $7.39 and last traded at $7.33. 21,408 shares changed hands during trading, a decline of 83% from the average session volume of 126,995 shares. The stock had previously closed at $6.79.
Youdao Stock Performance
The company's 50 day moving average price is $8.36 and its 200-day moving average price is $7.05. The stock has a market cap of $937.98 million, a P/E ratio of 77.57 and a beta of 0.32.
Youdao (NYSE:DAO - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.10 earnings per share (EPS) for the quarter. Youdao had a negative return on equity of 3.75% and a net margin of 1.50%. The firm had revenue of $183.55 million during the quarter.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Blue Trust Inc. raised its stake in shares of Youdao by 29.1% during the fourth quarter. Blue Trust Inc. now owns 8,733 shares of the company's stock worth $65,000 after acquiring an additional 1,969 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Youdao by 754.1% during the fourth quarter. Public Employees Retirement System of Ohio now owns 9,421 shares of the company's stock valued at $70,000 after buying an additional 8,318 shares during the period. Jane Street Group LLC purchased a new position in shares of Youdao in the 4th quarter valued at approximately $119,000. Vident Advisory LLC lifted its position in Youdao by 35.6% during the 4th quarter. Vident Advisory LLC now owns 19,707 shares of the company's stock valued at $146,000 after acquiring an additional 5,170 shares during the period. Finally, Bank of America Corp DE grew 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 worth $237,000 after buying 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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