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

Gaotu Techedu Inc. (NYSE:GOTU)’s stock price shot up 5.5% during mid-day trading on Friday . The company traded as high as $3.69 and last traded at $3.73. 274,341 shares were traded 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 Stock Up 2.1 %

The stock has a 50-day simple moving average of $2.46 and a 200-day simple moving average of $2.81. The firm has a market capitalization of $935.75 million, a PE ratio of -6.32 and a beta of 0.10.

Gaotu Techedu (NYSE:GOTU) last released its 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 Trading of Gaotu Techedu

A number of large investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio purchased a new position in shares of Gaotu Techedu in the third quarter valued at $38,000. Catalyst Funds Management Pty Ltd purchased a new position in shares of Gaotu Techedu in the fourth quarter valued at $38,000. Two Sigma Advisers LP purchased a new position in shares of Gaotu Techedu in the fourth quarter valued at $41,000. Two Sigma Securities LLC purchased a new position in shares of Gaotu Techedu in the fourth quarter valued at $86,000. Finally, Lighthouse Investment Partners LLC purchased a new position in shares of Gaotu Techedu in the fourth quarter valued at $103,000. 48.42% of the stock is owned by hedge funds and other institutional investors.

About Gaotu Techedu

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.