17 Education & Technology Group Inc. (NYSE:YQ – Get Free Report)’s share price crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $2.73 and traded as low as $2.68. 17 Education & Technology Group shares last traded at $2.68, with a volume of 4,365 shares.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the company. Greenridge Global assumed coverage on 17 Education & Technology Group in a report on Thursday, September 17th. They set a “buy” rating for the company. Zacks Research raised shares of 17 Education & Technology Group to a “hold” rating in a report on Monday, September 21st. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, 17 Education & Technology Group has an average rating of “Moderate Buy”.
Get Our Latest Stock Analysis on 17 Education & Technology Group
17 Education & Technology Group Stock Performance
The stock has a market capitalization of $29.06 million, a P/E ratio of -0.67 and a beta of 0.84. The stock has a 50-day simple moving average of $3.23 and a 200 day simple moving average of $2.73.
17 Education & Technology Group announced that its board has authorized a share repurchase program on Thursday, September 3rd that permits the company to repurchase outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.
About 17 Education & Technology Group
17 Education & Technology Group Inc is a China-based education technology company that provides digital tools and services for K-12 education. The company operates an online platform that connects students, teachers, parents and schools, with a focus on improving teaching, learning and communication through technology.
Its products and services include digital homework and learning tools, educational content, classroom and school-management solutions, and data-driven applications designed to support teachers and school administrators.
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