Youdao (NYSE:DAO) Stock Price Up 3.9% – Should You Buy?

Youdao, Inc. (NYSE:DAO) shot up 3.9% during mid-day trading on Monday . The stock traded as high as $4.85 and last traded at $4.85. 73,982 shares changed hands during trading, a decline of 37% from the average session volume of 116,789 shares. The stock had previously closed at $4.67.

Youdao Stock Performance

The company has a market cap of $599.76 million, a PE ratio of -13.05 and a beta of -0.03. The firm’s 50 day moving average is $3.89 and its 200-day moving average is $3.75.

Youdao (NYSE:DAO) last announced its quarterly earnings data on Thursday, August 22nd. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.86) by $1.74. The business had revenue of $181.88 million for the quarter.

Institutional Trading of Youdao

A hedge fund recently raised its stake in Youdao stock. Renaissance Technologies LLC raised its position in Youdao, Inc. (NYSE:DAO) by 6.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 52,300 shares of the company’s stock after purchasing an additional 3,300 shares during the quarter. Renaissance Technologies LLC’s holdings in Youdao were worth $205,000 as of its most recent SEC filing. Institutional investors own 21.91% of the company’s stock.

About Youdao

Youdao, Inc, an internet technology company, provides online services in the field of content, community, communication, and commerce in China. It operates through three segments: Learning Services, Smart Devices, and Online Marketing Services. The company provides various learning content, applications, and solutions, which cover topics and target people from various age groups for their learning needs through its websites and mobile applications.