Youdao (NYSE:DAO) Trading Down 6.9% – Should You Sell?

Youdao, Inc. (NYSE:DAO)’s share price fell 6.9% on Friday . The stock traded as low as $7.30 and last traded at $7.50. 33,424 shares were traded during mid-day trading, a decline of 73% from the average session volume of 122,880 shares. The stock had previously closed at $8.06.

Analyst Upgrades and Downgrades

Separately, Citigroup lowered Youdao from a “buy” rating to a “neutral” rating in a research report on Thursday, December 19th.

Youdao Trading Up 0.4 %

The company has a fifty day moving average of $8.60 and a 200-day moving average of $6.64. The stock has a market cap of $978.61 million, a PE ratio of 80.93 and a beta of 0.36.

Youdao (NYSE:DAO) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.10 earnings per share (EPS) for the quarter. The company had revenue of $183.55 million for the quarter. Youdao had a net margin of 1.50% and a negative return on equity of 3.75%.

Institutional Investors Weigh In On Youdao

Hedge funds have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of Youdao in the fourth quarter worth $715,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Youdao in the fourth quarter valued at $554,000. Marshall Wace LLP acquired a new position in Youdao during the 4th quarter worth $479,000. Walleye Capital LLC purchased a new stake in Youdao during the 4th quarter worth about $401,000. Finally, Bank of America Corp DE raised its position in Youdao by 13,310.0% in the 4th quarter. Bank of America Corp DE now owns 32,050 shares of the company’s stock valued at $237,000 after purchasing an additional 31,811 shares in the last quarter. 21.91% of the stock is currently owned by institutional investors and hedge funds.

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.