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

Youdao, Inc. (NYSE:DAO) shares traded down 5.3% during trading on Monday . The company traded as low as $5.02 and last traded at $5.19. 103,939 shares were traded during mid-day trading, a decline of 9% from the average session volume of 114,710 shares. The stock had previously closed at $5.48.

Youdao Stock Down 3.6 %

The company’s 50 day moving average price is $3.57 and its 200-day moving average price is $3.68. The stock has a market cap of $608.23 million, a P/E ratio of -13.16 and a beta of -0.03.

Youdao (NYSE:DAO) last released its quarterly earnings results on Thursday, August 22nd. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.86) by $1.74. The firm had revenue of $181.88 million for the quarter.

Institutional Trading of Youdao

A hedge fund recently raised its stake in Youdao stock. Acadian Asset Management LLC increased its position in shares of Youdao, Inc. (NYSE:DAO) by 98.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 238,445 shares of the company’s stock after purchasing an additional 118,245 shares during the quarter. Acadian Asset Management LLC owned approximately 0.20% of Youdao worth $928,000 as of its most recent SEC filing. Institutional investors own 21.91% of the company’s stock.

About Youdao

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.