Youdao (NYSE:DAO) Reaches New 12-Month High – What’s Next?

Youdao, Inc. (NYSE:DAO) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $8.01 and last traded at $8.01, with a volume of 35082 shares traded. The stock had previously closed at $7.74.

Youdao Price Performance

The firm has a 50-day moving average of $5.65 and a 200 day moving average of $4.34. The stock has a market capitalization of $921.41 million, a price-to-earnings ratio of 108.86 and a beta of 0.04.

Institutional Investors Weigh In On Youdao

Large investors have recently made changes to their positions in the stock. Symmetry Peak Management LLC bought a new stake in Youdao during the third quarter worth $102,000. Renaissance Technologies LLC raised its position in shares of Youdao by 6.7% in the 2nd quarter. Renaissance Technologies LLC now owns 52,300 shares of the company’s stock valued at $205,000 after buying an additional 3,300 shares in the last quarter. Finally, Acadian Asset Management LLC increased its stake in shares of Youdao by 98.4% in the 2nd quarter. Acadian Asset Management LLC now owns 238,445 shares of the company’s stock valued at $928,000 after purchasing an additional 118,245 shares during the last quarter. Institutional investors and hedge funds 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.