On Friday, Sunlands Technology Group (NYSE:STG) experienced a 7.2% decrease in shares during mid-day trading. The stock hit a low of $9.22 and last traded at $9.22 with 3,609 shares changing hands. This was an increase of 27% from the average session volume of 2,836 shares. The company had previously closed at $9.93.
Sunlands Technology Group has a debt-to-equity ratio of 0.38, a quick ratio of 0.93, and a current ratio of 1.02. With a market capitalization of $127.84 million, the company has a PE ratio of 1.41 and a beta of 0.93. Its fifty-day moving average is $9.61, and its 200-day moving average is $7.92.
Institutional investors recently showed interest in Sunlands Technology Group as Renaissance Technologies LLC acquired 10,325 shares of Sunlands Technology Group stock, valued at approximately $38,000 in the second quarter.
Sunlands Technology Group provides online education services in China through post-secondary courses and preparation courses for various exams that students can access through online and mobile platforms.
For more news and ratings on Sunlands Technology Group, subscribe to MarketBeat’s daily email newsletter for updates on the latest news and analyst ratings.
In recent times, institutional investors have been showing interest in Sunlands Technology Group (NYSE:STG). Renaissance Technologies LLC recently acquired approximately 10,325 shares worth about $38,000 in the second quarter.
The acquisition accounted for around 0.07% of the company’s stock and added to the already existing institutional investor ownership stake that stands at about 26%.
Sunlands Technology Group is an education technology provider based in China that offers post-secondary courses as well as preparation courses for various exams through its online and mobile platforms.
As per financial data collected by Yahoo Finance (finance), Sunlands Technology Group has a debt-to-equity ratio of roughly .38 which indicates that there is more debt than equity financing available to the company.
Additionally, it has a quick ratio of .93 which suggests that it can meet short term liabilities without relying heavily on inventory or long term assets.
