QuantaSing Group (NASDAQ:QSG) Shares Down 0.8% – What’s Next?

QuantaSing Group Limited Unsponsored ADR (NASDAQ:QSG) shares were down 0.8% during mid-day trading on Thursday . The stock traded as low as $3.31 and last traded at $3.51. Approximately 101,320 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 269,512 shares. The stock had previously closed at $3.54.

QuantaSing Group Price Performance

The stock’s 50 day moving average is $4.21 and its two-hundred day moving average is $5.64. The stock has a market capitalization of $179.75 million, a PE ratio of 3.90 and a beta of -0.98.

Institutional Investors Weigh In On QuantaSing Group

Institutional investors have recently modified their holdings of the company. SG Americas Securities LLC grew its stake in shares of QuantaSing Group by 319.3% during the fourth quarter. SG Americas Securities LLC now owns 86,894 shares of the company’s stock worth $522,000 after purchasing an additional 66,168 shares in the last quarter. Cantor Fitzgerald L. P. acquired a new stake in QuantaSing Group in the third quarter valued at $990,000. PharVision Advisers LLC purchased a new stake in QuantaSing Group during the 3rd quarter worth about $166,000. Verity Asset Management Inc. purchased a new stake in QuantaSing Group during the 3rd quarter worth about $348,000. Finally, Susquehanna International Group LLP acquired a new position in shares of QuantaSing Group during the 3rd quarter worth about $142,000.

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.