Gaotu Techedu Inc. (NYSE:GOTU)’s share price traded down 3.4% during mid-day trading on Thursday . The company traded as low as $10.40 and last traded at $10.46. 12,946 shares traded hands during trading, a decline of 100% from the average session volume of 6,832,714 shares. The stock had previously closed at $10.83.
A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group lowered shares of Gaotu Techedu from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $60.00 to $20.00 in a report on Wednesday, June 2nd. lowered shares of Gaotu Techedu from a “neutral” rating to a “sell” rating and set a $12.00 target price for the company. in a report on Friday, June 11th. Citigroup lowered shares of Gaotu Techedu from a “buy” rating to a “sell” rating in a report on Friday, June 11th. Finally, Nomura raised shares of Gaotu Techedu from a “reduce” rating to a “neutral” rating and dropped their price objective for the company from $48.00 to $29.50 in a report on Monday, May 10th.
The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of -5.65 and a beta of -1.21. The company has a 50-day moving average price of $15.72.
Gaotu Techedu Company Profile (NYSE:GOTU)
Gaotu Techedu Inc, a technology-driven education company, provides online K-12 after-school tutoring services in the People's Republic of China. Its K-12 after-school tutoring courses cover various K-12 academic subjects, including mathematics, English, Chinese, physics, chemistry, biology, history, geography, and political science.
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