Gaotu Techedu (NYSE:GOTU) Shares Gap Up to $3.70

Shares of Gaotu Techedu Inc. (NYSE:GOTU) gapped up prior to trading on Monday . The stock had previously closed at $3.70, but opened at $4.07. Gaotu Techedu shares last traded at $4.38, with a volume of 4,877,876 shares traded.

Analyst Ratings Changes

Separately, Citigroup cut shares of Gaotu Techedu from a “buy” rating to a “sell” rating in a research note on Tuesday, August 27th.

Gaotu Techedu Trading Up 0.6 %

The firm’s 50-day moving average price is $3.73 and its 200-day moving average price is $5.30. The stock has a market capitalization of $1.02 billion, a PE ratio of -49.31 and a beta of -0.02.

Gaotu Techedu (NYSE:GOTU) last posted its quarterly earnings results on Tuesday, August 27th. The company reported ($0.23) EPS for the quarter. The company had revenue of $138.95 million during the quarter. Gaotu Techedu had a negative return on equity of 20.26% and a negative net margin of 17.63%.

Institutional Trading of Gaotu Techedu

Several institutional investors and hedge funds have recently modified their holdings of the stock. Headlands Technologies LLC purchased a new position in Gaotu Techedu during the 1st quarter worth $63,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Gaotu Techedu during the 1st quarter worth $99,000. SG Americas Securities LLC bought a new position in shares of Gaotu Techedu during the 2nd quarter worth $75,000. Virtu Financial LLC purchased a new position in shares of Gaotu Techedu during the first quarter valued at $133,000. Finally, Marshall Wace LLP raised its holdings in shares of Gaotu Techedu by 158.2% in the second quarter. Marshall Wace LLP now owns 77,562 shares of the company’s stock valued at $380,000 after acquiring an additional 47,522 shares in the last quarter. Institutional investors own 48.42% of the company’s stock.

About Gaotu Techedu

Gaotu Techedu Inc, a technology-driven education company, provides learning services, educational content, and digitalized learning products in the People's Republic of China. The company offers traditional online academic subject tutoring services that covers academic subjects, such as mathematics, English, Chinese, physics, chemistry, biology, history, geography, and political science for students; non-academic tutoring services; personal interest courses comprising chess learning, family relationships and education, humanities, and science courses; and professional courses primarily for college students and adults preparing for professional qualification exams, such as teacher's qualification, Chartered Financial Analyst designation, Certified Public Accountant designation, and other exams.