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

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

17 Education & Technology Group Trading Up 11.0 %

The firm has a market cap of $70.11 million, a price-to-earnings ratio of -0.45 and a beta of -0.06. The stock has a 50-day moving average of $1.86 and a 200-day moving average of $1.90.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in 17 Education & Technology Group stock. Catalina Capital Group LLC purchased a new position in 17 Education & Technology Group Inc. (NYSE:YQ) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 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.

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.