17 Education & Technology Group (NYSE:YQ) Shares Up 16.8% – Still a Buy?

Shares of 17 Education & Technology Group Inc. (NYSE:YQ) were up 16.8% during mid-day trading on Thursday . The company traded as high as $2.43 and last traded at $2.31. Approximately 21,335 shares were traded during mid-day trading, an increase of 68% from the average daily volume of 12,669 shares. The stock had previously closed at $1.98.

17 Education & Technology Group Stock Up 1.3 %

The firm’s 50 day moving average price is $1.92 and its two-hundred day moving average price is $1.99. The firm has a market capitalization of $90.64 million, a PE ratio of -0.59 and a beta of -0.03.

Hedge Funds Weigh In On 17 Education & Technology Group

A hedge fund recently bought a new stake in 17 Education & Technology Group stock. Catalina Capital Group LLC acquired a new stake in 17 Education & Technology Group Inc. (NYSE:YQ) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 16,516 shares of the company’s stock, valued at approximately $26,000. 3.54% of the stock is currently owned by hedge funds and other 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.