Gaotu Techedu (NYSE:GOTU) Trading Down 2.5% – Time to Sell?

Gaotu Techedu Inc. (NYSE:GOTU)’s stock price traded down 2.5% during trading on Thursday . The stock traded as low as $2.31 and last traded at $2.32. 741,631 shares changed hands during trading, a decline of 77% from the average session volume of 3,255,169 shares. The stock had previously closed at $2.38.

Gaotu Techedu Price Performance

The firm’s 50 day moving average price is $2.76 and its 200 day moving average price is $3.69. The stock has a market capitalization of $602.20 million, a P/E ratio of -4.07 and a beta of -0.01.

Institutional Investors Weigh In On Gaotu Techedu

Several institutional investors and hedge funds have recently bought and sold shares of GOTU. Public Employees Retirement System of Ohio bought a new stake in shares of Gaotu Techedu during the 3rd quarter valued at about $38,000. SG Americas Securities LLC bought a new stake in Gaotu Techedu during the 2nd quarter valued at approximately $75,000. Barclays PLC grew its holdings in shares of Gaotu Techedu by 87.8% during the 3rd quarter. Barclays PLC now owns 73,008 shares of the company’s stock worth $286,000 after acquiring an additional 34,133 shares during the period. Garden State Investment Advisory Services LLC bought a new position in shares of Gaotu Techedu in the 3rd quarter worth approximately $337,000. Finally, GSA Capital Partners LLP boosted its position in shares of Gaotu Techedu by 249.7% during the third quarter. GSA Capital Partners LLP now owns 90,881 shares of the company’s stock valued at $356,000 after purchasing an additional 64,896 shares in the last quarter. Hedge funds and other 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.