Youdao (NYSE:DAO) Stock Price Down 4.2% – Here’s Why

Youdao, Inc. (NYSE:DAO) shares traded down 4.2% on Friday . The company traded as low as $4.91 and last traded at $4.99. 15,402 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 113,256 shares. The stock had previously closed at $5.21.

Youdao Trading Down 1.3 %

The stock has a market cap of $621.53 million, a PE ratio of 74.43 and a beta of -0.06. The business has a 50 day moving average of $4.64 and a 200-day moving average of $3.95.

Youdao (NYSE:DAO) last announced its earnings results on Thursday, August 22nd. The company reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($1.86) by $1.74. Youdao had a negative return on equity of 3.12% and a net margin of 1.03%. The company had revenue of $181.88 million for the quarter.

Institutional Investors Weigh In On Youdao

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Symmetry Peak Management LLC acquired a new stake in shares of Youdao in the third quarter valued at about $102,000. Renaissance Technologies LLC increased its holdings in Youdao by 6.7% in the second 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 lifted its position in shares of Youdao by 98.4% during the 2nd quarter. Acadian Asset Management LLC now owns 238,445 shares of the company’s stock valued at $928,000 after acquiring an additional 118,245 shares during the period. 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.