Gaotu Techedu (NYSE:GOTU) Shares Gap Down – Time to Sell?

Gaotu Techedu Inc. (NYSE:GOTU) shares gapped down before the market opened on Monday . The stock had previously closed at $2.92, but opened at $2.63. Gaotu Techedu shares last traded at $2.66, with a volume of 272,128 shares.

Gaotu Techedu Stock Down 6.0 %

The firm has a market cap of $712.52 million, a P/E ratio of -4.82 and a beta of 0.18. The business’s 50 day moving average is $3.00 and its two-hundred day moving average is $2.84.

Institutional Inflows and Outflows

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

Gaotu Techedu Company Profile

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.