Gaotu Techedu (NYSE:GOTU) Stock Price Down 5% – Should You Sell?

Gaotu Techedu Inc. (NYSE:GOTU) shares traded down 5% during trading on Tuesday . The company traded as low as $1.96 and last traded at $1.99. 1,005,959 shares changed hands during mid-day trading, a decline of 40% from the average session volume of 1,664,770 shares. The stock had previously closed at $2.09.

Gaotu Techedu Trading Up 1.3 %

The business has a 50 day simple moving average of $2.36 and a two-hundred day simple moving average of $3.27. The stock has a market cap of $494.48 million, a price-to-earnings ratio of -3.34 and a beta of 0.03.

Gaotu Techedu (NYSE:GOTU) last released its quarterly earnings results on Wednesday, December 4th. The company reported ($0.26) earnings per share for the quarter. Gaotu Techedu had a negative return on equity of 37.79% and a negative net margin of 26.36%.

Hedge Funds Weigh In On Gaotu Techedu

Several large investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio bought a new position in shares of Gaotu Techedu during the third quarter valued at approximately $38,000. Barclays PLC boosted its position in Gaotu Techedu by 87.8% during the 3rd quarter. Barclays PLC now owns 73,008 shares of the company’s stock valued at $286,000 after purchasing an additional 34,133 shares during the period. Garden State Investment Advisory Services LLC bought a new position in Gaotu Techedu during the 3rd quarter worth $337,000. SG Americas Securities LLC increased its position in Gaotu Techedu by 473.6% in the third quarter. SG Americas Securities LLC now owns 88,231 shares of the company’s stock worth $346,000 after buying an additional 72,849 shares during the period. Finally, GSA Capital Partners LLP lifted its stake in Gaotu Techedu by 249.7% in the third quarter. GSA Capital Partners LLP now owns 90,881 shares of the company’s stock valued at $356,000 after buying an additional 64,896 shares during the last quarter. 48.42% of the stock is currently owned by institutional investors.

Gaotu Techedu Company Profile

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.