Gaotu Techedu (NYSE:GOTU) Reaches New 1-Year Low – Should You Sell?

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

Gaotu Techedu Stock Down 3.4 %

The company has a fifty day moving average price of $2.36 and a 200-day moving average price of $3.27. The stock has a market capitalization of $486.69 million, a P/E ratio of -3.29 and a beta of 0.03.

Gaotu Techedu (NYSE:GOTU) last issued its quarterly earnings data 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%.

Hedge Funds Weigh In On Gaotu Techedu

A number of institutional investors and hedge funds have recently made changes to their positions in GOTU. Millennium Management LLC lifted its holdings in shares of Gaotu Techedu by 1,233.8% in the 2nd quarter. Millennium Management LLC now owns 579,011 shares of the company’s stock valued at $2,837,000 after acquiring an additional 535,601 shares during the last quarter. BRIGHT VALLEY CAPITAL Ltd bought a new stake in shares of Gaotu Techedu in the 2nd quarter valued at approximately $2,450,000. JPMorgan Chase & Co. boosted its holdings in shares of Gaotu Techedu by 14.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 832,996 shares of the company’s stock worth $3,265,000 after purchasing an additional 108,224 shares during the period. State Street Corp increased its position 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 purchasing an additional 90,115 shares during the last quarter. Finally, Garden State Investment Advisory Services LLC purchased a new stake in Gaotu Techedu during the 3rd quarter valued at $337,000. 48.42% of the stock is owned by hedge funds and other institutional investors.

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.