Gaotu Techedu (NYSE:GOTU) Reaches New 12-Month Low – What’s Next?

Gaotu Techedu Inc. (NYSE:GOTU)’s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $2.14 and last traded at $2.14, with a volume of 1050781 shares trading hands. The stock had previously closed at $2.17.

Gaotu Techedu Stock Performance

The firm has a market cap of $555.48 million, a P/E ratio of -3.75 and a beta of -0.01. The firm’s fifty day simple moving average is $2.65 and its 200 day simple moving average is $3.59.

Institutional Trading of Gaotu Techedu

Several institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio bought a new position in Gaotu Techedu in the 3rd quarter worth about $38,000. Barclays PLC lifted its holdings in shares of Gaotu Techedu by 87.8% in the 3rd quarter. Barclays PLC now owns 73,008 shares of the company’s stock worth $286,000 after buying an additional 34,133 shares during the period. Garden State Investment Advisory Services LLC purchased a new stake in Gaotu Techedu in the third quarter worth about $337,000. SG Americas Securities LLC increased its position in Gaotu Techedu by 473.6% during the 3rd quarter. SG Americas Securities LLC now owns 88,231 shares of the company’s stock valued at $346,000 after purchasing an additional 72,849 shares during the period. Finally, GSA Capital Partners LLP raised its holdings in shares of Gaotu Techedu by 249.7% in the 3rd quarter. GSA Capital Partners LLP now owns 90,881 shares of the company’s stock valued at $356,000 after purchasing an additional 64,896 shares in the last quarter. Institutional investors own 48.42% of the company’s stock.

Gaotu Techedu Company Profile

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.