Gaotu Techedu (NYSE:GOTU) Reaches New 52-Week Low – Here’s What Happened

Shares of Gaotu Techedu Inc. (NYSE:GOTU) hit a new 52-week low during trading on Thursday . The stock traded as low as $1.87 and last traded at $1.88, with a volume of 3230650 shares trading hands. The stock had previously closed at $1.94.

Gaotu Techedu Stock Performance

The company’s 50-day moving average is $2.34 and its 200 day moving average is $3.24. The company has a market capitalization of $569.76 million, a PE ratio of -3.85 and a beta of 0.03.

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

Institutional Trading of Gaotu Techedu

Institutional investors have recently made changes to their positions in the stock. BRIGHT VALLEY CAPITAL Ltd purchased a new stake in shares of Gaotu Techedu during the 2nd quarter valued at about $2,450,000. State Street Corp boosted its holdings in shares of Gaotu Techedu by 20.7% during the 3rd quarter. State Street Corp now owns 525,166 shares of the company’s stock valued at $2,059,000 after acquiring an additional 90,115 shares during the last quarter. Barclays PLC boosted its holdings in shares of Gaotu Techedu by 87.8% during the 3rd quarter. Barclays PLC now owns 73,008 shares of the company’s stock valued at $286,000 after acquiring an additional 34,133 shares during the last quarter. GSA Capital Partners LLP boosted its holdings in shares of Gaotu Techedu by 249.7% during the 3rd quarter. GSA Capital Partners LLP now owns 90,881 shares of the company’s stock valued at $356,000 after acquiring an additional 64,896 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Gaotu Techedu by 14.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 832,996 shares of the company’s stock valued at $3,265,000 after acquiring an additional 108,224 shares during the last quarter. Hedge funds and other 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.