Gaotu Techedu (NYSE:GOTU) Sets New 52-Week Low – Should You Sell?

Gaotu Techedu Inc. (NYSE:GOTU)’s stock price reached a new 52-week low on Friday . The company traded as low as $2.14 and last traded at $2.14, with a volume of 1050781 shares changing hands. The stock had previously closed at $2.17.

Gaotu Techedu Price Performance

The company has a market cap of $555.48 million, a PE ratio of -3.75 and a beta of -0.01. The stock’s 50-day moving average is $2.65 and its 200 day moving average is $3.59.

Institutional Trading of Gaotu Techedu

Several large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its position in Gaotu Techedu by 14.9% in the third quarter. JPMorgan Chase & Co. now owns 832,996 shares of the company’s stock valued at $3,265,000 after buying an additional 108,224 shares during the last quarter. Millennium Management LLC lifted its holdings in Gaotu Techedu by 1,233.8% in the second quarter. Millennium Management LLC now owns 579,011 shares of the company’s stock valued at $2,837,000 after acquiring an additional 535,601 shares during the period. State Street Corp grew its stake in shares of Gaotu Techedu by 20.7% during the 3rd quarter. State Street Corp now owns 525,166 shares of the company’s stock worth $2,059,000 after purchasing an additional 90,115 shares during the period. BRIGHT VALLEY CAPITAL Ltd purchased a new position in shares of Gaotu Techedu during the 2nd quarter valued at approximately $2,450,000. Finally, National Bank of Canada FI purchased a new stake in Gaotu Techedu during the second quarter worth $2,135,000. Hedge funds and other institutional investors own 48.42% of the company’s stock.

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.