Youdao (NYSE:DAO) Shares Up 3.9%

Youdao, Inc. (NYSE:DAO) traded up 3.9% during trading on Tuesday . The company traded as high as $4.35 and last traded at $4.31. 12,483 shares were traded during trading, a decline of 88% from the average session volume of 107,015 shares. The stock had previously closed at $4.15.

Youdao Stock Up 6.0 %

The business has a 50-day simple moving average of $3.35 and a two-hundred day simple moving average of $3.63. The stock has a market capitalization of $532.05 million, a price-to-earnings ratio of -11.18 and a beta of -0.04.

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

Institutional Trading of Youdao

A hedge fund recently raised its stake in Youdao stock. Acadian Asset Management LLC grew its stake in shares of Youdao, Inc. (NYSE:DAO) by 98.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 238,445 shares of the company’s stock after acquiring an additional 118,245 shares during the period. Acadian Asset Management LLC owned about 0.20% of Youdao worth $928,000 at the end of the most recent reporting period. 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.