17 Education & Technology Group Inc. (NYSE:YQ – Get Free Report) fell 2% on Thursday. The company 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.
Wall Street Analyst Weigh In
Several brokerages have weighed in on YQ. Zacks Research upgraded 17 Education & Technology Group to a “hold” rating in a report on Monday, September 21st. Greenridge Global began coverage on 17 Education & Technology Group in a research report on Thursday, September 17th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.
View Our Latest Research Report on YQ
17 Education & Technology Group Stock Down 2.0%
The firm has a market capitalization of $36.87 million, a P/E ratio of -0.85 and a beta of 0.84. The business’s 50 day moving average is $3.08 and its two-hundred day moving average is $2.53.
17 Education & Technology Group declared that its board has authorized a share buyback program on Thursday, September 3rd that authorizes the company to buy back $0.00 in shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Share repurchase programs are often an indication that the company’s board of directors believes its shares are undervalued.
17 Education & Technology Group Company Profile
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.
Featured Stories
- Five stocks we like better than 17 Education & Technology Group
- ASML Can’t Keep Up With AI Demand—Why That’s a Good Thing
- Enovix’s 100,000-Battery Drone Order Sets Up a Test of Its Production Plans
- AMD’s Support Could Help Fermi Stock Overcome Its Biggest Hurdle
- Beyond the GPU: Credo Paves the Next AI Data Superhighway
Receive News & Ratings for 17 Education & Technology Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 17 Education & Technology Group and related companies with MarketBeat.com's FREE daily email newsletter.
