QuantaSing Group Limited Unsponsored ADR (NASDAQ:QSG – Get Free Report)’s stock price traded down 4.3% during trading on Friday . The stock traded as low as $1.97 and last traded at $1.98. Approximately 88,205 shares changed hands during trading, a decline of 90% from the average session volume of 874,682 shares. The stock had previously closed at $2.07.
QuantaSing Group Stock Performance
The company has a market capitalization of $108.57 million, a price-to-earnings ratio of 2.36 and a beta of -0.98. The stock’s fifty day simple moving average is $2.68 and its two-hundred day simple moving average is $3.84.
Institutional Trading of QuantaSing Group
Hedge funds have recently modified their holdings of the business. SG Americas Securities LLC lifted its position in QuantaSing Group by 319.3% in the 4th quarter. SG Americas Securities LLC now owns 86,894 shares of the company’s stock worth $522,000 after buying an additional 66,168 shares in the last quarter. Cantor Fitzgerald L. P. acquired a new stake in QuantaSing Group during the third quarter valued at $990,000. PharVision Advisers LLC acquired a new stake in QuantaSing Group during the third quarter valued at $166,000. Verity Asset Management Inc. purchased a new position in QuantaSing Group in the third quarter valued at about $348,000. Finally, Susquehanna International Group LLP purchased a new position in QuantaSing Group in the third quarter valued at about $142,000.
About QuantaSing Group
QuantaSing Group Limited provides online learning services in the People's Republic of China. The company offers online courses, including financial literacy, short-video production, personal well-being, electronic keyboard, and meditation courses. It also offers marketing and enterprise talent management services to enterprise customers. In addition, the company provides online and literacy course to adult learners under various brands, including QiNiu, JiangZhen, and QianChi. QuantaSing Group Limited was founded in 2019 and is headquartered in Beijing, the People's Republic of China.
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