17 Education & Technology Group (NYSE:YQ) Trading Down 0.5% - Here's Why

Key Points

• 17 Education & Technology Group Inc. shares fell by 0.5% to $6.20 during mid-day trading, with a trading volume decline of 33% from its average.
• The company has a market capitalization of $55.09 million and a negative PE ratio of -1.55, indicating current losses.
• A hedge fund, XTX Topco Ltd, recently acquired a stake of 11,460 shares valued at approximately $25,000, increasing institutional ownership to 3.54% of the company.

17 Education & Technology Group Inc. (NYSE:YQ - ) was down 0.5% during mid-day trading on Friday . The company traded as low as $6.12 and last traded at $6.20. Approximately 24,346 shares were traded during mid-day trading, a decline of 33% from the average daily volume of 36,241 shares. The stock had previously closed at $6.23.

17 Education & Technology Group Price Performance

The stock has a market cap of $55.09 million, a PE ratio of -1.55 and a beta of 0.25. The business has a fifty day moving average of $3.68 and a 200-day moving average of $2.59.

Institutional Trading of 17 Education & Technology Group

A hedge fund recently bought a new stake in 17 Education & Technology Group stock. XTX Topco Ltd purchased a new stake in 17 Education & Technology Group Inc. (NYSE:YQ - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 11,460 shares of the company's stock, valued at approximately $25,000. XTX Topco Ltd owned 0.13% of 17 Education & Technology Group as of its most recent filing with the Securities and Exchange Commission (SEC). 3.54% of the stock is currently owned by institutional investors and hedge funds.

17 Education & Technology Group Company Profile

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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