Craftsman Education Technology Trading Down 8.4%

Skillful Craftsman Education Technology (NASDAQ:EDTK) saw an 8.4% drop in its stock during mid-day trading, with shares trading as low as $0.83. The company's 50-day and 200-day simple moving averages are $0.98 and $1.25, respectively. Hedge funds and institutional investors have also made modifications to their holdings in the company. Skillful Craftsman Education Technology provides vocational online education and technology services in China.
Nov. 23, 2023 08:08
Craftsman Education Technology Trading Down 8.4%

Skillful Craftsman Education Technology Limited (NASDAQ:EDTK – Get Free Report) experienced an 8.4% decline in its stock price during mid-day trading on Thursday. The stock reached a low of $0.83 and last traded at $0.88. A total of 955 shares were traded, which is a significant decrease of 98% compared to the average session volume of 41,752 shares. The stock had previously closed at $0.95.

The firm's 50-day simple moving average is $0.98, while its 200-day simple moving average is $1.25. Skillful Craftsman Education Technology has a debt-to-equity ratio of 0.51, a quick ratio of 8.17, and a current ratio of 8.17.

Several hedge funds and institutional investors have made changes to their holdings of Skillful Craftsman Education Technology. Renaissance Technologies LLC increased its stake in the company by 18.2% during the second quarter, now owning 185,000 shares valued at $198,000. Virtu Financial LLC also acquired a new position in the company during the first quarter, valued at approximately $83,000. Citadel Advisors LLC raised its stake by 46.2% in the second quarter, now owning 52,226 shares valued at $72,000. Jane Street Group LLC acquired a new position during the first quarter, valued at about $39,000. Lastly, Susquehanna International Group LLP also acquired a new position during the first quarter, valued at about $41,000. Institutional investors now own 1.85% of the stock.

Skillful Craftsman Education Technology Limited offers vocational online education and technology services to college students and graduates in China. Their education services cover various subjects, including vocational, continuing, basic, and higher education.

To receive news and ratings for Skillful Craftsman Education Technology on a daily basis, you can sign up for MarketBeat.com's free daily email newsletter.