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

17 Education & Technology Group Inc. (NYSE:YQ)’s stock price fell 1.5% during mid-day trading on Thursday . The stock traded as low as $2.02 and last traded at $2.02. 2,853 shares were traded during mid-day 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 Down 1.5%

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

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 raised its position in 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 quarter. 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.