QuantaSing Group (NASDAQ:QSG) Shares Down 0.8% – Here’s Why
by Tristan Rich · The Markets DailyQuantaSing Group Limited Unsponsored ADR (NASDAQ:QSG – Get Free Report)’s stock price traded down 0.8% during trading on Thursday . The stock traded as low as $3.31 and last traded at $3.51. 101,320 shares changed hands during mid-day trading, a decline of 62% from the average session volume of 269,512 shares. The stock had previously closed at $3.54.
QuantaSing Group Stock Down 3.1%
The company has a 50-day moving average price of $4.19 and a 200-day moving average price of $5.60. The firm has a market capitalization of $174.12 million, a price-to-earnings ratio of 3.78 and a beta of -0.98.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. Quarry LP acquired a new position in shares of QuantaSing Group during the third quarter valued at $30,000. EverSource Wealth Advisors LLC bought a new position in QuantaSing Group in the 2nd quarter valued at about $62,000. Tower Research Capital LLC TRC bought a new position in QuantaSing Group in the 2nd quarter valued at about $93,000. NewEdge Advisors LLC increased its stake in QuantaSing Group by 17.4% during the 1st quarter. NewEdge Advisors LLC now owns 29,636 shares of the company’s stock valued at $119,000 after buying an additional 4,394 shares during the period. Finally, Susquehanna International Group LLP bought a new stake in shares of QuantaSing Group during the 3rd quarter worth about $142,000.
QuantaSing Group Company Profile
QuantaSing Group Limited provides online learning services in the People's Republic of China. The company offers online courses, including financial literacy, short-video production, personal well-being, electronic keyboard, and meditation courses. It also offers marketing and enterprise talent management services to enterprise customers. In addition, the company provides online and literacy course to adult learners under various brands, including QiNiu, JiangZhen, and QianChi. QuantaSing Group Limited was founded in 2019 and is headquartered in Beijing, the People's Republic of China.