Youdao (NYSE:DAO) Reaches New 52-Week High – Here’s What Happened

Youdao, Inc. (NYSE:DAO)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $8.07 and last traded at $7.97, with a volume of 63569 shares changing hands. The stock had previously closed at $7.56.

Analyst Upgrades and Downgrades

Separately, Citigroup lowered shares of Youdao from a “buy” rating to a “neutral” rating in a research report on Thursday, December 19th.

Youdao Trading Up 4.0 %

The stock has a fifty day moving average of $6.84 and a two-hundred day moving average of $5.02. The company has a market capitalization of $950.67 million, a PE ratio of 112.31 and a beta of 0.01.

Institutional Investors Weigh In On Youdao

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC lifted its holdings in Youdao by 6.7% in the 2nd quarter. Renaissance Technologies LLC now owns 52,300 shares of the company’s stock worth $205,000 after buying an additional 3,300 shares during the period. Blue Trust Inc. boosted its holdings in Youdao by 29.1% in the fourth quarter. Blue Trust Inc. now owns 8,733 shares of the company’s stock valued at $65,000 after acquiring an additional 1,969 shares in the last quarter. Finally, Symmetry Peak Management LLC purchased a new position in Youdao during the 3rd quarter valued at $102,000. Institutional investors own 21.91% of the company’s stock.

Youdao Company Profile

Youdao, Inc, an internet technology company, provides online services in the field of content, community, communication, and commerce in China. It operates through three segments: Learning Services, Smart Devices, and Online Marketing Services. The company provides various learning content, applications, and solutions, which cover topics and target people from various age groups for their learning needs through its websites and mobile applications.