Gaotu Techedu (NYSE:GOTU) Shares Up 6.5%

Gaotu Techedu Inc. (NYSE:GOTU)’s stock price was up 6.5% during trading on Tuesday . The stock traded as high as $5.24 and last traded at $5.24. Approximately 493,963 shares were traded during trading, a decline of 88% from the average daily volume of 4,258,677 shares. The stock had previously closed at $4.92.

Gaotu Techedu Stock Performance

The company has a 50 day simple moving average of $6.12 and a 200 day simple moving average of $5.60.

Gaotu Techedu (NYSE:GOTU) last announced its quarterly earnings results on Tuesday, May 21st. The company reported ($0.01) EPS for the quarter. The firm had revenue of $131.14 million for the quarter. Gaotu Techedu had a negative return on equity of 4.19% and a negative net margin of 4.22%.

Institutional Investors Weigh In On Gaotu Techedu

A number of large investors have recently modified their holdings of GOTU. Tower Research Capital LLC TRC grew its stake in shares of Gaotu Techedu by 543.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 14,988 shares of the company’s stock valued at $54,000 after buying an additional 12,659 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Gaotu Techedu in the first quarter valued at about $63,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Gaotu Techedu in the first quarter valued at about $99,000. Virtu Financial LLC acquired a new stake in shares of Gaotu Techedu in the first quarter valued at about $133,000. Finally, Jump Financial LLC acquired a new stake in shares of Gaotu Techedu in the fourth quarter valued at about $313,000. Institutional investors and hedge funds 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.