Gaotu Techedu (NYSE:GOTU) Trading Up 6.5%

Gaotu Techedu Inc. (NYSE:GOTU) shares traded up 6.5% during mid-day trading on Tuesday . The stock traded as high as $5.24 and last traded at $5.24. 493,963 shares were traded during trading, a decline of 88% from the average session volume of 4,258,677 shares. The stock had previously closed at $4.92.

Gaotu Techedu Price Performance

The firm has a market capitalization of $1.38 billion and a PE ratio of -66.63. The company’s fifty day simple moving average is $6.16 and its 200-day simple moving average is $5.59.

Gaotu Techedu (NYSE:GOTU) last posted its quarterly earnings data on Tuesday, May 21st. The company reported ($0.01) earnings per share (EPS) for the quarter. The company had revenue of $131.14 million for the quarter. Gaotu Techedu had a negative net margin of 4.22% and a negative return on equity of 4.19%.

Hedge Funds Weigh In On Gaotu Techedu

Several hedge funds and other institutional investors have recently modified their holdings of GOTU. Tower Research Capital LLC TRC lifted its stake in shares of Gaotu Techedu by 543.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 14,988 shares of the company’s stock worth $54,000 after buying an additional 12,659 shares in the last quarter. Headlands Technologies LLC purchased a new position in Gaotu Techedu during the first quarter worth about $63,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Gaotu Techedu during the first quarter worth about $99,000. Virtu Financial LLC purchased a new position in Gaotu Techedu during the first quarter worth about $133,000. Finally, Jump Financial LLC purchased a new position in Gaotu Techedu during the fourth quarter worth about $313,000. 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.