17 Education & Technology Group (NYSE:YQ) Stock Price Down 2.8%

17 Education & Technology Group Inc. (NYSE:YQ)’s share price traded down 2.8% during trading on Wednesday . The stock traded as low as $0.67 and last traded at $0.74. 24,832 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 83,839 shares. The stock had previously closed at $0.76.

17 Education & Technology Group Stock Down 2.8 %

The firm has a market cap of $36.02 million, a price-to-earnings ratio of -0.92 and a beta of -0.38. The business has a 50 day moving average price of $0.89 and a 200-day moving average price of $1.01.

17 Education & Technology Group (NYSE:YQ) last announced its quarterly earnings results on Wednesday, June 14th. The company reported ($0.21) earnings per share (EPS) for the quarter. The company had revenue of $1.35 million during the quarter. 17 Education & Technology Group had a negative return on equity of 21.14% and a negative net margin of 112.30%.

Institutional Trading of 17 Education & Technology Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Citadel Advisors LLC acquired a new position in shares of 17 Education & Technology Group in the 3rd quarter worth approximately $45,000. Renaissance Technologies LLC boosted its stake in shares of 17 Education & Technology Group by 30.8% during the 2nd quarter. Renaissance Technologies LLC now owns 112,856 shares of the company’s stock worth $222,000 after buying an additional 26,582 shares during the last quarter. Leo Brokerage LLC acquired a new stake in 17 Education & Technology Group in the 1st quarter valued at about $25,000. Virtu Financial LLC acquired a new stake in 17 Education & Technology Group during the first quarter worth approximately $58,000. Finally, State Street Corp lifted its position in 17 Education & Technology Group by 36.5% during the first quarter. State Street Corp now owns 80,818 shares of the company’s stock worth $215,000 after acquiring an additional 21,624 shares during the last quarter. Institutional investors and hedge funds own 5.84% of the company’s stock.

About 17 Education & Technology Group

17 Education & Technology Group Inc, an education technology company, provides education and education technology services in the People's Republic of China. It also offers other educational products and services, including membership-based educational content subscriptions to à la carte workbooks, study plans, and associated services.