Gaotu Techedu (NYSE:GOTU) Sees Large Volume Increase – Here’s Why

Gaotu Techedu Inc. (NYSE:GOTU) shares saw strong trading volume on Friday . 1,934,373 shares traded hands during trading, an increase of 3% from the previous session’s volume of 1,875,986 shares.The stock last traded at $2.78 and had previously closed at $2.82.

Gaotu Techedu Price Performance

The firm’s 50-day moving average is $2.25 and its 200 day moving average is $2.98. The stock has a market cap of $715.12 million, a price-to-earnings ratio of -4.83 and a beta of 0.06.

Gaotu Techedu (NYSE:GOTU) last released its quarterly earnings data on Wednesday, December 4th. The company reported ($0.26) earnings per share (EPS) for the quarter. Gaotu Techedu had a negative return on equity of 37.79% and a negative net margin of 26.36%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio bought a new position in Gaotu Techedu during the 3rd quarter valued at $38,000. Catalyst Funds Management Pty Ltd acquired a new stake in shares of Gaotu Techedu during the fourth quarter worth $38,000. Barclays PLC raised its holdings in shares of Gaotu Techedu by 87.8% during the third quarter. Barclays PLC now owns 73,008 shares of the company’s stock worth $286,000 after purchasing an additional 34,133 shares during the period. Garden State Investment Advisory Services LLC acquired a new stake in shares of Gaotu Techedu during the third quarter worth $337,000. Finally, SG Americas Securities LLC raised its holdings in shares of Gaotu Techedu by 473.6% during the third quarter. SG Americas Securities LLC now owns 88,231 shares of the company’s stock worth $346,000 after purchasing an additional 72,849 shares during the period. 48.42% of the stock is currently owned by 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.