Gaotu Techedu (NYSE:GOTU) Trading Down 5.8% – What’s Next?

Gaotu Techedu Inc. (NYSE:GOTU)’s stock price was down 5.8% on Tuesday . The company traded as low as $3.11 and last traded at $3.06. Approximately 885,017 shares were traded during trading, a decline of 68% from the average daily volume of 2,764,988 shares. The stock had previously closed at $3.25.

Gaotu Techedu Price Performance

The stock has a market cap of $769.63 million, a P/E ratio of -5.22 and a beta of 0.10. The firm’s fifty day moving average price is $2.92 and its two-hundred day moving average price is $2.84.

Institutional Trading of Gaotu Techedu

A number of large investors have recently modified their holdings of GOTU. Public Employees Retirement System of Ohio purchased a new stake in Gaotu Techedu in the third quarter valued at approximately $38,000. Catalyst Funds Management Pty Ltd purchased a new stake in shares of Gaotu Techedu during the 4th quarter valued at $38,000. Two Sigma Advisers LP purchased a new position in Gaotu Techedu in the fourth quarter worth $41,000. Two Sigma Securities LLC purchased a new stake in Gaotu Techedu during the fourth quarter valued at about $86,000. Finally, Lighthouse Investment Partners LLC bought a new stake in Gaotu Techedu in the 4th quarter worth approximately $103,000. Institutional investors own 48.42% of the company’s stock.

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.