Youdao (NYSE:DAO) Sets New 1-Year High – Time to Buy?

Youdao, Inc. (NYSE:DAO) reached a new 52-week high during trading on Wednesday . The company traded as high as $6.51 and last traded at $6.47, with a volume of 50187 shares trading hands. The stock had previously closed at $6.11.

Youdao Trading Up 4.6 %

The stock has a market capitalization of $772.68 million, a P/E ratio of 87.29 and a beta of -0.06. The stock’s 50 day simple moving average is $4.78 and its 200 day simple moving average is $3.99.

Institutional Trading of Youdao

Large investors have recently modified their holdings of the company. Symmetry Peak Management LLC acquired a new position in Youdao during the 3rd quarter valued at about $102,000. Renaissance Technologies LLC raised its position in Youdao by 6.7% during the second quarter. Renaissance Technologies LLC now owns 52,300 shares of the company’s stock valued at $205,000 after acquiring an additional 3,300 shares in the last quarter. Finally, Acadian Asset Management LLC raised its position in Youdao by 98.4% during the second quarter. Acadian Asset Management LLC now owns 238,445 shares of the company’s stock valued at $928,000 after acquiring an additional 118,245 shares in the last quarter. Institutional investors and hedge funds own 21.91% of the company’s stock.

Youdao Company Profile

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.