QuantaSing Group (NASDAQ:QSG) Stock Price Up 3.3% – Still a Buy?

QuantaSing Group Limited Unsponsored ADR (NASDAQ:QSG) shares traded up 3.3% on Monday . The stock traded as high as $1.91 and last traded at $1.89. Approximately 100,811 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 874,682 shares. The stock had previously closed at $1.83.

QuantaSing Group Stock Down 1.6%

The business has a 50-day simple moving average of $2.16 and a 200-day simple moving average of $3.44. The stock has a market cap of $95.25 million, a P/E ratio of 2.07 and a beta of -0.98.

Institutional Trading of QuantaSing Group

Large investors have recently modified their holdings of the company. Quarry LP acquired a new position in QuantaSing Group in the 3rd quarter valued at $30,000. EverSource Wealth Advisors LLC acquired a new position in QuantaSing Group during the 2nd quarter worth $62,000. Tower Research Capital LLC TRC acquired a new position in QuantaSing Group during the 2nd quarter worth $93,000. Susquehanna International Group LLP bought a new stake in QuantaSing Group during the third quarter valued at about $142,000. Finally, Qube Research & Technologies Ltd bought a new stake in QuantaSing Group during the second quarter valued at about $160,000.

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.