Gaotu Techedu (NYSE:GOTU) Shares Down 4.1%

Shares of Gaotu Techedu Inc. (NYSE:GOTU) dropped 4.1% during mid-day trading on Tuesday . The stock traded as low as $4.97 and last traded at $4.97. Approximately 141,200 shares traded hands during trading, a decline of 96% from the average daily volume of 3,963,475 shares. The stock had previously closed at $5.18.

Gaotu Techedu Price Performance

The company’s 50-day moving average price is $5.64 and its 200-day moving average price is $5.76. The company has a market cap of $1.28 billion and a P/E ratio of -64.38.

Gaotu Techedu (NYSE:GOTU) last issued its quarterly earnings data on Tuesday, May 21st. The company reported ($0.01) earnings per share (EPS) for the quarter. Gaotu Techedu had a negative return on equity of 4.19% and a negative net margin of 4.22%. The company had revenue of $131.14 million for the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in GOTU. Tower Research Capital LLC TRC grew its position in Gaotu Techedu by 543.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 14,988 shares of the company’s stock valued at $54,000 after purchasing an additional 12,659 shares in the last quarter. Headlands Technologies LLC bought a new position in Gaotu Techedu in the first quarter valued at $63,000. SG Americas Securities LLC bought a new position in Gaotu Techedu in the second quarter valued at $75,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Gaotu Techedu in the first quarter valued at $99,000. Finally, Virtu Financial LLC bought a new position in Gaotu Techedu in the first quarter valued at $133,000. 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.