Gaotu Techedu (NYSE:GOTU) Shares Gap Down – Should You Sell?

Gaotu Techedu Inc. (NYSE:GOTU) gapped down prior to trading on Thursday . The stock had previously closed at $3.47, but opened at $3.37. Gaotu Techedu shares last traded at $3.50, with a volume of 315,397 shares trading hands.

Gaotu Techedu Stock Performance

The stock has a market capitalization of $914.98 million, a PE ratio of -6.18 and a beta of 0.10. The firm’s 50 day moving average is $2.54 and its two-hundred day moving average is $2.80.

Institutional Investors Weigh In On Gaotu Techedu

A number of hedge funds have recently bought and sold shares of GOTU. Public Employees Retirement System of Ohio purchased a new stake in shares of Gaotu Techedu during the third quarter worth approximately $38,000. Catalyst Funds Management Pty Ltd acquired a new position in Gaotu Techedu during the 4th quarter worth approximately $38,000. Two Sigma Advisers LP acquired a new position in Gaotu Techedu during the 4th quarter worth approximately $41,000. Two Sigma Securities LLC purchased a new stake in shares of Gaotu Techedu in the 4th quarter valued at approximately $86,000. Finally, Lighthouse Investment Partners LLC acquired a new stake in shares of Gaotu Techedu in the 4th quarter valued at $103,000. Institutional investors and hedge funds own 48.42% of the company’s stock.

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.