Gaotu Techedu (NYSE:GOTU) Shares Gap Down – What’s Next?

Gaotu Techedu Inc. (NYSE:GOTU) gapped down prior to trading on Monday . The stock had previously closed at $2.92, but opened at $2.63. Gaotu Techedu shares last traded at $2.66, with a volume of 272,128 shares.

Gaotu Techedu Price Performance

The company has a market cap of $712.52 million, a PE ratio of -4.82 and a beta of 0.18. The company’s fifty day moving average price is $3.00 and its 200 day moving average price is $2.84.

Hedge Funds Weigh In On Gaotu Techedu

A number of hedge funds and other institutional investors have recently modified their holdings of GOTU. Two Sigma Advisers LP purchased a new stake in Gaotu Techedu during the fourth quarter worth about $41,000. Point72 Asset Management L.P. bought a new stake in shares of Gaotu Techedu in the fourth quarter valued at $343,000. Lighthouse Investment Partners LLC purchased a new position in shares of Gaotu Techedu during the 4th quarter valued at $103,000. Two Sigma Securities LLC bought a new position in shares of Gaotu Techedu during the 4th quarter worth $86,000. Finally, Marshall Wace LLP purchased a new stake in Gaotu Techedu in the 4th quarter worth about $781,000. 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.