Youdao (NYSE:DAO) Reaches New 12-Month High – What’s Next?

Youdao, Inc. (NYSE:DAO) reached a new 52-week high on Wednesday . The stock traded as high as $6.51 and last traded at $6.47, with a volume of 50187 shares trading hands. The stock had previously closed at $6.11.

Youdao Price Performance

The firm has a market cap of $779.93 million, a P/E ratio of 92.14 and a beta of -0.06. The company’s 50 day moving average is $4.92 and its two-hundred day moving average is $4.02.

Institutional Trading of Youdao

Several institutional investors have recently modified their holdings of DAO. Acadian Asset Management LLC raised its stake in shares of Youdao by 98.4% in the second quarter. Acadian Asset Management LLC now owns 238,445 shares of the company’s stock valued at $928,000 after purchasing an additional 118,245 shares in the last quarter. Symmetry Peak Management LLC bought a new stake in Youdao in the 3rd quarter valued at $102,000. Finally, Renaissance Technologies LLC raised its stake in shares of Youdao by 6.7% in the 2nd quarter. Renaissance Technologies LLC now owns 52,300 shares of the company’s stock valued at $205,000 after buying an additional 3,300 shares in the last quarter. Institutional investors and hedge funds own 21.91% of the company’s stock.

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.