GSX Techedu (NYSE:GOTU) Trading Down 6.8%

GSX Techedu Inc. (NYSE:GOTU) shares traded down 6.8% during trading on Friday . The company traded as low as $14.96 and last traded at $15.04. 28,290 shares traded hands during trading, a decline of 100% from the average session volume of 10,698,406 shares. The stock had previously closed at $16.14.

A number of equities analysts have recently commented on GOTU shares. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell cut shares of GSX Techedu from a “neutral” rating to a “sell” rating in a report on Friday. The Goldman Sachs Group lowered shares of GSX Techedu from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $60.00 to $20.00 in a research report on Wednesday, June 2nd. Finally, Nomura upgraded GSX Techedu from a “reduce” rating to a “neutral” rating and lowered their price target for the stock from $48.00 to $29.50 in a report on Monday, May 10th.

The company has a market capitalization of $3.72 billion, a price-to-earnings ratio of -8.17 and a beta of -1.19.

About GSX Techedu (NYSE:GOTU)

GSX Techedu Inc, a technology-driven education company, provides online K-12 after-school tutoring services in the People's Republic of China. Its K-12 after-school tutoring courses cover various K-12 academic subjects, including mathematics, English, Chinese, physics, chemistry, biology, history, geography, and political science.

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