Youdao (NYSE:DAO) Shares Gap Down – Should You Sell?

Youdao, Inc. Unsponsored ADR (NYSE:DAO)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $11.27, but opened at $10.82. Youdao shares last traded at $10.9170, with a volume of 2,188 shares.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Wall Street Zen cut shares of Youdao from a “buy” rating to a “hold” rating in a research note on Sunday, November 30th. Weiss Ratings reissued a “sell (d+)” rating on shares of Youdao in a research report on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Youdao presently has a consensus rating of “Sell”.

Youdao Trading Up 4.0%

The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 66.47 and a beta of 0.27. The firm’s 50 day simple moving average is $10.07 and its two-hundred day simple moving average is $9.71.

Institutional Investors Weigh In On Youdao

An institutional investor recently raised its position in Youdao stock. Public Employees Retirement System of Ohio boosted its position in shares of Youdao, Inc. Unsponsored ADR (NYSE:DAO) by 35.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,286 shares of the company’s stock after buying an additional 7,729 shares during the period. Public Employees Retirement System of Ohio’s holdings in Youdao were worth $291,000 at the end of the most recent quarter. Institutional investors own 21.91% of the company’s stock.

Youdao Company Profile

Youdao, Inc (NYSE: DAO), established in 2006 as a subsidiary of NetEase, is headquartered in Beijing, China. The company went public on the New York Stock Exchange in October 2019, marking a significant milestone in its development as an intelligent learning and knowledge service provider. Since its inception, Youdao has combined cloud computing, artificial intelligence and big data analytics to create an adaptive learning ecosystem designed to meet the needs of individual learners and organizations.

At the core of Youdao’s offerings is its suite of digital dictionaries and translation tools, including the flagship Youdao Dictionary app and translation engine.