Gaotu Techedu (NYSE:GOTU) Sees Large Volume Increase – What’s Next?

Shares of Gaotu Techedu Inc. (NYSE:GOTU) saw strong trading volume on Thursday . 1,982,333 shares traded hands during mid-day trading, a decline of 22% from the previous session’s volume of 2,538,864 shares.The stock last traded at $3.56 and had previously closed at $3.32.

Gaotu Techedu Stock Up 4.1 %

The business’s fifty day moving average is $2.30 and its 200-day moving average is $2.85. The company has a market cap of $896.81 million, a PE ratio of -6.04 and a beta of 0.06.

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 net margin of 26.36% and a negative return on equity of 37.79%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. GSA Capital Partners LLP lifted its stake 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 buying an additional 64,896 shares in the last quarter. Garden State Investment Advisory Services LLC purchased a new stake in shares of Gaotu Techedu during the third quarter worth about $337,000. Pinpoint Asset Management Ltd raised its stake in Gaotu Techedu by 14.3% during the 3rd quarter. Pinpoint Asset Management Ltd now owns 229,445 shares of the company’s stock valued at $899,000 after purchasing an additional 28,776 shares during the period. State Street Corp lifted its holdings in Gaotu Techedu by 20.7% in the 3rd quarter. State Street Corp now owns 525,166 shares of the company’s stock worth $2,059,000 after purchasing an additional 90,115 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in Gaotu Techedu in the 3rd quarter worth approximately $38,000. 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.