Surprising 4.4% Increase in Trading for 17 Education & Technology Group Inc. on Friday

On Friday, the shares of 17 Education & Technology Group Inc. (NYSE:YQ) experienced a 4.4% increase in trading during the mid-day session. The stock reached a high of $2.15 and closed at $2.14, with a total of 9,568 shares traded, which was a decrease of 17% from the average daily volume of 11,492 shares. Prior to this, the stock had closed at $2.05.

With a market capitalization of $82.89 million and a P/E ratio of -0.54, 17 Education & Technology Group is an education technology company based in China that provides various services including membership-based premium educational content subscriptions, light courses, Chinese reading materials, math and oral arithmetic resources, reading machines, and study plans.

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