17 Education & Technology Group (NYSE:YQ) Stock Price Down 3.4% – Time to Sell?

Shares of 17 Education & Technology Group Inc. (NYSE:YQ) were down 3.4% on Wednesday . The company traded as low as $2.57 and last traded at $2.59. Approximately 24,141 shares changed hands during mid-day trading, a decline of 31% from the average daily volume of 34,868 shares. The stock had previously closed at $2.68.

17 Education & Technology Group Trading Down 3.4%

The business has a fifty day simple moving average of $2.11 and a two-hundred day simple moving average of $2.01. The company has a market cap of $23.01 million, a PE ratio of -0.65 and a beta of -0.01.

Institutional Inflows and Outflows

An institutional investor recently raised its position in 17 Education & Technology Group stock. Simplex Trading LLC lifted its stake 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 filing with the Securities & Exchange Commission. The firm owned 13,489 shares of the company’s stock after acquiring an additional 11,700 shares during the period. Simplex Trading LLC’s holdings in 17 Education & Technology Group were worth $25,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds 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.