Gaotu Techedu (NYSE:GOTU) Stock Price Down 3.9%

Gaotu Techedu Inc. (NYSE:GOTU)’s stock price dropped 3.9% during mid-day trading on Thursday . The company traded as low as $2.69 and last traded at $2.69. Approximately 647,547 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 3,592,541 shares. The stock had previously closed at $2.80.

Analyst Upgrades and Downgrades

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

Gaotu Techedu Trading Down 1.1 %

The stock has a market capitalization of $695.18 million, a PE ratio of -33.63 and a beta of -0.02. The business’s 50-day moving average is $4.20 and its two-hundred day moving average is $5.69.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Headlands Technologies LLC acquired a new position in Gaotu Techedu in the 1st quarter worth $63,000. SG Americas Securities LLC acquired a new position in shares of Gaotu Techedu in the second quarter worth about $75,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Gaotu Techedu in the first quarter valued at about $99,000. Virtu Financial LLC acquired a new stake in Gaotu Techedu during the 1st quarter valued at approximately $133,000. Finally, Jump Financial LLC purchased a new stake in Gaotu Techedu during the 4th quarter worth approximately $313,000. 48.42% of the stock is owned by institutional investors and hedge funds.

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.