17 Education & Technology Group (NYSE:YQ) Trading Down 1.2% – Here’s What Happened

17 Education & Technology Group Inc. (NYSE:YQ) shares dropped 1.2% during mid-day trading on Monday . The stock traded as low as $4.86 and last traded at $4.91. Approximately 15,969 shares were traded during trading, a decline of 55% from the average daily volume of 35,248 shares. The stock had previously closed at $4.97.

17 Education & Technology Group Stock Performance

The business’s fifty day moving average price is $4.71 and its 200-day moving average price is $3.01. The stock has a market cap of $44.43 million, a PE ratio of -1.25 and a beta of 0.28.

Institutional Investors Weigh In On 17 Education & Technology Group

A hedge fund recently bought a new stake in 17 Education & Technology Group stock. XTX Topco Ltd purchased a new position in 17 Education & Technology Group Inc. (NYSE:YQ) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 11,460 shares of the company’s stock, valued at approximately $25,000. XTX Topco Ltd owned about 0.13% of 17 Education & Technology Group at the end of the most recent reporting period. 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.