Gaotu Techedu (NYSE:GOTU) Stock Price Down 4.2% – Time to Sell?

Shares of Gaotu Techedu Inc. (NYSE:GOTU) traded down 4.2% during trading on Thursday . The company traded as low as $3.61 and last traded at $3.73. 421,742 shares were traded during mid-day trading, a decline of 82% from the average session volume of 2,334,981 shares. The stock had previously closed at $3.89.

Gaotu Techedu Trading Down 9.4 %

The business has a fifty day moving average price of $2.71 and a 200-day moving average price of $2.82. The stock has a market capitalization of $914.98 million, a PE ratio of -6.18 and a beta of 0.10.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of GOTU. Public Employees Retirement System of Ohio purchased a new stake in Gaotu Techedu in the third quarter worth approximately $38,000. Catalyst Funds Management Pty Ltd purchased a new stake in Gaotu Techedu during the fourth quarter valued at approximately $38,000. Two Sigma Advisers LP bought a new position in Gaotu Techedu in the fourth quarter worth approximately $41,000. Two Sigma Securities LLC purchased a new position in shares of Gaotu Techedu during the 4th quarter worth $86,000. Finally, Lighthouse Investment Partners LLC bought a new position in Gaotu Techedu in the 4th quarter worth $103,000. 48.42% of the stock is owned by hedge funds and other institutional investors.

About Gaotu Techedu

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.