Youdao (NYSE:DAO) Stock Price Down 5.3% – Time to Sell?

Youdao, Inc. (NYSE:DAO)’s share price fell 5.3% during mid-day trading on Tuesday . The company traded as low as $7.20 and last traded at $7.19. 25,675 shares changed hands during trading, a decline of 65% from the average session volume of 73,829 shares. The stock had previously closed at $7.60.

Analyst Ratings Changes

Separately, Citigroup cut shares of Youdao from a “buy” rating to a “neutral” rating in a research note on Thursday, December 19th.

Youdao Trading Up 0.2 %

The firm has a market capitalization of $920.44 million, a price-to-earnings ratio of 108.74 and a beta of 0.01. The company’s 50 day moving average is $6.79 and its 200-day moving average is $5.00.

Institutional Trading of Youdao

A number of hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC raised its holdings in 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 acquiring an additional 3,300 shares during the period. Symmetry Peak Management LLC bought a new position in shares of Youdao during the third quarter worth approximately $102,000. Finally, Blue Trust Inc. increased its stake in shares of Youdao by 29.1% during the fourth quarter. Blue Trust Inc. now owns 8,733 shares of the company’s stock worth $65,000 after purchasing an additional 1,969 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.