17 Education & Technology Group (NYSE:YQ) Announces Earnings Results

17 Education & Technology Group (NYSE:YQ) released its quarterly earnings data on Tuesday. The company reported ($4.50) earnings per share (EPS) for the quarter, RTT News reports. 17 Education & Technology Group had a negative return on equity of 38.90% and a negative net margin of 113.55%.

17 Education & Technology Group Stock Performance

17 Education & Technology Group stock remained flat at $4.50 during trading on Tuesday. 15,324 shares of the company were exchanged, compared to its average volume of 34,353. The business’s 50-day simple moving average is $5.10 and its 200-day simple moving average is $3.30. 17 Education & Technology Group has a 12-month low of $1.26 and a 12-month high of $6.45. The company has a market cap of $39.99 million, a price-to-earnings ratio of -1.13 and a beta of 0.28.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in 17 Education & Technology Group stock. XTX Topco Ltd acquired a new stake in shares of 17 Education & Technology Group Inc. (NYSE:YQ) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 11,460 shares of the company’s stock, valued at approximately $25,000. XTX Topco Ltd owned approximately 0.13% of 17 Education & Technology Group as of its most recent SEC filing. 3.54% of the stock is currently owned by 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.