Gaotu Techedu (NYSE:GOTU) Sets New 12-Month Low – Time to Sell?

Gaotu Techedu Inc. (NYSE:GOTU) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $1.87 and last traded at $1.88, with a volume of 3230650 shares. The stock had previously closed at $1.94.

Gaotu Techedu Stock Up 14.9 %

The company has a market cap of $569.76 million, a PE ratio of -3.85 and a beta of 0.03. The business’s fifty day moving average is $2.34 and its 200-day moving average is $3.24.

Gaotu Techedu (NYSE:GOTU) last posted 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%.

Institutional Investors Weigh In On Gaotu Techedu

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio bought a new stake in Gaotu Techedu during the 3rd quarter worth approximately $38,000. Barclays PLC raised its stake in Gaotu Techedu by 87.8% during the 3rd quarter. Barclays PLC now owns 73,008 shares of the company’s stock worth $286,000 after acquiring an additional 34,133 shares during the period. Garden State Investment Advisory Services LLC bought a new stake in Gaotu Techedu during the 3rd quarter worth approximately $337,000. SG Americas Securities LLC raised its position in shares of Gaotu Techedu by 473.6% during the third quarter. SG Americas Securities LLC now owns 88,231 shares of the company’s stock valued at $346,000 after buying an additional 72,849 shares during the last quarter. Finally, GSA Capital Partners LLP raised its position in shares of Gaotu Techedu by 249.7% during the third 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 during the last quarter. Institutional investors 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.