17 Education & Technology Group (NYSE:YQ) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

by · The Markets Daily

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 traded.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on YQ shares. Greenridge Global assumed coverage on shares of 17 Education & Technology Group in a research note on Thursday, September 17th. They set a “buy” rating on the stock. Zacks Research upgraded 17 Education & Technology Group to a “hold” rating in a research note on Monday, September 21st. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Read Our Latest Stock Report on YQ

17 Education & Technology Group Stock Up 0.4%

The company’s 50-day moving average price is $3.23 and its 200-day moving average price is $2.73. The firm has a market cap of $29.17 million, a price-to-earnings ratio of -0.67 and a beta of 0.84.

17 Education & Technology Group declared that its board has authorized a stock repurchase program on Thursday, September 3rd that authorizes the company to repurchase outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

17 Education & Technology Group Company Profile

(Get Free Report)

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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