QuantaSing Group (NASDAQ:QSG) Stock Price Down 3.8% – What’s Next?

QuantaSing Group Limited Unsponsored ADR (NASDAQ:QSG) traded down 3.8% during trading on Friday . The company traded as low as $3.06 and last traded at $3.07. 60,212 shares were traded during mid-day trading, a decline of 93% from the average session volume of 874,682 shares. The stock had previously closed at $3.19.

QuantaSing Group Trading Down 3.8%

The business has a 50-day simple moving average of $3.55 and a 200 day simple moving average of $4.60. The stock has a market cap of $157.22 million, a P/E ratio of 3.41 and a beta of -0.98.

Institutional Investors Weigh In On QuantaSing Group

A number of institutional investors have recently made changes to their positions in QSG. Quarry LP bought a new stake in shares of QuantaSing Group in the 3rd quarter valued at about $30,000. EverSource Wealth Advisors LLC bought a new stake in shares of QuantaSing Group in the 2nd quarter valued at about $62,000. Tower Research Capital LLC TRC bought a new stake in shares of QuantaSing Group in the 2nd quarter valued at about $93,000. NewEdge Advisors LLC grew its position in shares of QuantaSing Group by 17.4% in the 1st quarter. NewEdge Advisors LLC now owns 29,636 shares of the company’s stock valued at $119,000 after buying an additional 4,394 shares during the last quarter. Finally, Susquehanna International Group LLP bought a new stake in shares of QuantaSing Group in the 3rd quarter valued at about $142,000.

QuantaSing Group Company Profile

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.