Youdao (NYSE:DAO) Sets New 1-Year High – Here’s Why

Youdao, Inc. (NYSE:DAO)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $7.39 and last traded at $7.39, with a volume of 13353 shares changing hands. The stock had previously closed at $7.00.

Youdao Stock Up 4.3 %

The stock’s fifty day moving average price is $5.31 and its 200 day moving average price is $4.14. The stock has a market cap of $882.72 million, a PE ratio of 100.00 and a beta of 0.03.

Institutional Investors Weigh In On Youdao

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Symmetry Peak Management LLC purchased a new stake in Youdao in the third quarter worth approximately $102,000. Renaissance Technologies LLC boosted its holdings in Youdao by 6.7% in the second quarter. Renaissance Technologies LLC now owns 52,300 shares of the company’s stock worth $205,000 after purchasing an additional 3,300 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in Youdao by 98.4% in the second quarter. Acadian Asset Management LLC now owns 238,445 shares of the company’s stock worth $928,000 after purchasing an additional 118,245 shares during the last quarter. Hedge funds and other institutional investors 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.