Youdao (NYSE:DAO) Hits New 1-Year High – Here’s What Happened

Youdao, Inc. (NYSE:DAO)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $8.01 and last traded at $8.01, with a volume of 35082 shares. The stock had previously closed at $7.74.

Youdao Stock Performance

The company has a market capitalization of $967.36 million, a P/E ratio of 110.57 and a beta of 0.04. The stock has a 50 day moving average price of $5.55 and a 200 day moving average price of $4.28.

Institutional Trading of Youdao

A number of large investors have recently bought and sold shares of the company. Acadian Asset Management LLC raised its holdings in Youdao by 98.4% during the 2nd quarter. Acadian Asset Management LLC now owns 238,445 shares of the company’s stock valued at $928,000 after acquiring an additional 118,245 shares during the period. Symmetry Peak Management LLC bought a new position in Youdao in the 3rd quarter worth about $102,000. Finally, Renaissance Technologies LLC boosted its position in shares of Youdao by 6.7% during the 2nd quarter. Renaissance Technologies LLC now owns 52,300 shares of the company’s stock valued at $205,000 after acquiring an additional 3,300 shares during the last quarter. 21.91% of the stock is owned by hedge funds and other institutional investors.

Youdao Company Profile

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.