17 Education & Technology Group (NYSE:YQ) Stock Price Down 1.5% – Here’s What Happened

17 Education & Technology Group Inc. (NYSE:YQ) traded down 1.5% during trading on Thursday . The company traded as low as $2.02 and last traded at $2.02. 2,853 shares changed hands during trading, a decline of 87% from the average session volume of 21,412 shares. The stock had previously closed at $2.05.

17 Education & Technology Group Stock Performance

The stock has a market capitalization of $17.95 million, a P/E ratio of -0.51 and a beta of -0.04. The stock has a 50-day simple moving average of $1.91 and a 200 day simple moving average of $1.86.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in 17 Education & Technology Group stock. Simplex Trading LLC grew its position in 17 Education & Technology Group Inc. (NYSE:YQ) by 654.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,489 shares of the company’s stock after purchasing 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. 3.54% of the stock is owned by institutional investors.

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.