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17 Education & Technology Group (NYSE:YQ) Shares Up 11% - Here's What Happened

17 Education & Technology Group logo with Consumer Discretionary background

17 Education & Technology Group Inc. (NYSE:YQ - Get Free Report)'s stock price was up 11% during mid-day trading on Wednesday . The stock traded as high as $1.98 and last traded at $1.81. Approximately 55,311 shares were traded during mid-day trading, an increase of 233% from the average daily volume of 16,626 shares. The stock had previously closed at $1.63.

17 Education & Technology Group Price Performance

The company has a 50-day simple moving average of $1.85 and a 200-day simple moving average of $1.87. The stock has a market cap of $80.07 million, a PE ratio of -0.52 and a beta of -0.06.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in 17 Education & Technology Group stock. Catalina Capital Group LLC acquired a new position in 17 Education & Technology Group Inc. (NYSE:YQ - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,516 shares of the company's stock, valued at approximately $26,000. Hedge funds and other institutional investors own 3.54% of the company's stock.

About 17 Education & Technology Group

(Get Free Report)

17 Education & Technology Group, Inc engages in the provision of educational technology solutions. Its in-school plus after-school integrated model delivers data-driven teaching, learning and assessment products to teachers, students and parents. The firm offers online K-12 large-class after-school tutoring services that complement students' in-school learning.

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