Gaotu Techedu (NYSE:GOTU) Sets New 1-Year Low – Time to Sell?

Gaotu Techedu Inc. (NYSE:GOTU)’s share price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $2.40 and last traded at $2.41, with a volume of 564181 shares traded. The stock had previously closed at $2.50.

Analysts Set New Price Targets

Separately, Citigroup cut Gaotu Techedu from a “buy” rating to a “sell” rating in a research note on Tuesday, August 27th.

Gaotu Techedu Trading Down 1.6 %

The firm’s fifty day moving average price is $2.96 and its 200-day moving average price is $3.87. The company has a market cap of $638.54 million, a price-to-earnings ratio of -4.32 and a beta of -0.01.

Institutional Investors Weigh In On Gaotu Techedu

Several large investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio bought a new position in shares of Gaotu Techedu during the 3rd quarter valued at about $38,000. SG Americas Securities LLC acquired a new stake in Gaotu Techedu during the 2nd quarter worth approximately $75,000. Barclays PLC lifted its stake in Gaotu Techedu by 87.8% in the third quarter. Barclays PLC now owns 73,008 shares of the company’s stock valued at $286,000 after buying an additional 34,133 shares in the last quarter. Garden State Investment Advisory Services LLC acquired a new position in shares of Gaotu Techedu in the third quarter valued at approximately $337,000. Finally, GSA Capital Partners LLP increased its position in shares of Gaotu Techedu by 249.7% during the third quarter. GSA Capital Partners LLP now owns 90,881 shares of the company’s stock worth $356,000 after acquiring an additional 64,896 shares in the last quarter. 48.42% of the stock is currently owned by institutional investors.

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.