17 Education & Technology Group (NYSE:YQ) Trading 8.7% Higher – Here’s Why

Shares of 17 Education & Technology Group Inc. (NYSE:YQ) traded up 8.7% during trading on Thursday . The stock traded as high as $2.27 and last traded at $2.05. 108,828 shares were traded during trading, an increase of 469% from the average session volume of 19,135 shares. The stock had previously closed at $1.89.

17 Education & Technology Group Stock Up 8.7%

The company’s 50-day moving average is $1.87 and its 200 day moving average is $1.84. The company has a market cap of $79.56 million, a price-to-earnings ratio of -0.51 and a beta of -0.07.

Hedge Funds Weigh In On 17 Education & Technology Group

A hedge fund recently raised its stake in 17 Education & Technology Group stock. Simplex Trading LLC increased its holdings in shares of 17 Education & Technology Group Inc. (NYSE:YQ) by 654.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,489 shares of the company’s stock after buying an additional 11,700 shares during the period. Simplex Trading LLC’s holdings in 17 Education & Technology Group were worth $25,000 at the end of the most recent quarter. Institutional investors and hedge funds own 3.54% of the company’s stock.

About 17 Education & Technology Group

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.