Gaotu Techedu (NYSE:GOTU) Trading 5.5% Higher – What’s Next?

Gaotu Techedu Inc. (NYSE:GOTU)’s stock price traded up 5.5% during mid-day trading on Friday . The stock traded as high as $3.69 and last traded at $3.73. 274,341 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 2,798,874 shares. The stock had previously closed at $3.53.

Gaotu Techedu Price Performance

The firm has a fifty day simple moving average of $2.46 and a 200-day simple moving average of $2.81. The firm has a market cap of $935.75 million, a P/E ratio of -6.32 and a beta of 0.10.

Gaotu Techedu (NYSE:GOTU) last announced its quarterly earnings results on Wednesday, December 4th. The company reported ($0.26) earnings per share (EPS) for the quarter. Gaotu Techedu had a negative return on equity of 37.79% and a negative net margin of 26.36%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GOTU. Norges Bank bought a new position in shares of Gaotu Techedu in the fourth quarter valued at approximately $3,583,000. Marshall Wace LLP bought a new position in shares of Gaotu Techedu in the fourth quarter valued at approximately $781,000. Point72 Asset Management L.P. bought a new position in shares of Gaotu Techedu in the fourth quarter valued at approximately $343,000. Barclays PLC lifted its holdings in shares of Gaotu Techedu by 195.8% in the fourth quarter. Barclays PLC now owns 215,982 shares of the company’s stock valued at $473,000 after purchasing an additional 142,974 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Gaotu Techedu by 14.9% during the third quarter. JPMorgan Chase & Co. now owns 832,996 shares of the company’s stock worth $3,265,000 after acquiring an additional 108,224 shares during the period. 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.