17 Education & Technology Group (NYSE:YQ) Trading 16.8% Higher – Here’s What Happened

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

17 Education & Technology Group Stock Up 16.8 %

The stock’s 50-day simple moving average is $1.90 and its 200 day simple moving average is $1.99. The company has a market cap of $89.48 million, a price-to-earnings ratio of -0.58 and a beta of -0.03.

Institutional Trading of 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 fourth quarter, according to its most recent disclosure 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 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.