Gaotu Techedu (NYSE:GOTU) Shares Down 3.4%

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 (NYSE:GOTU) last issued its quarterly earnings results on Wednesday, May 26th. The company reported ($0.85) earnings per share (EPS) for the quarter. The business had revenue of $296.15 million for the quarter. Gaotu Techedu had a negative return on equity of 96.40% and a negative net margin of 38.72%. As a group, sell-side analysts anticipate that Gaotu Techedu Inc. will post -0.41 earnings per share for the current fiscal year.

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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