17 Education & Technology Group (NYSE:YQ) Stock Price Down 2% – What’s Next?

17 Education & Technology Group Inc. (NYSE:YQ)’s stock price was down 2% on Thursday. The stock traded as low as $3.30 and last traded at $3.40. 3,001 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 28,838 shares. The stock had previously closed at $3.47.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on YQ. Zacks Research raised 17 Education & Technology Group to a “hold” rating in a report on Monday, September 21st. Greenridge Global began coverage on shares of 17 Education & Technology Group in a research report on Thursday, September 17th. They set a “buy” rating for the company. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, 17 Education & Technology Group presently has an average rating of “Moderate Buy”.

17 Education & Technology Group Trading Down 2.0%

The company has a market cap of $36.87 million, a PE ratio of -0.85 and a beta of 0.84. The stock has a fifty day simple moving average of $3.08 and a two-hundred day simple moving average of $2.53.

17 Education & Technology Group declared that its Board of Directors has initiated a share buyback plan on Thursday, September 3rd that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

About 17 Education & Technology Group

17 Education & Technology Group is a China-based education technology company that provides digital services to K-12 schools, teachers, students and parents. The company develops technology designed to support teaching, learning and school administration, with an emphasis on using data and digital tools to improve educational outcomes.

Its offerings include online homework and learning applications, classroom interaction tools, teacher support and professional development services, school management solutions, and data analytics.