On Friday, 17 Education & Technology Group Inc.’s (NYSE: YQ) shares saw a 4.4% increase in trading during mid-day. The stock reached a high of $2.15 and last traded at $2.14. Despite the increase in trading, a total of 9,568 shares were traded, which is an 18% decrease from the average daily volume of 10,967 shares.
The company’s 50-day moving average price is $2.63, and its 200-day moving average price is $2.57. With a market cap of $82.9 million, a P/E ratio of -0.54, and a beta of -0.23, 17 Education & Technology Group continues to show strong performance in the education technology industry based in the People’s Republic of China.
The company offers various education and technology services such as membership-based premium educational content subscriptions, light courses, Chinese reading and math oral arithmetic classes, reading machines, study plans and associated services to improve students’ learning experience through technology innovation and innovation.
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