Law Offices of Howard G. Smith announces an investigation on behalf of 17 Education & Technology Group Inc. (“17 E&T” or the “Company”) (NASDAQ: YQ) investors concerning the Company’s possible violations of federal securities laws.
On June 10, 2022, 17 E&T announced its first quarter financial results, disclosing a net loss of $3.9 million on sales of $36.82 million – a nearly 50% loss in revenue from the previous year.
On this news, the Company’s shares fell $0.65, or 21.3%, to close at $2.40 on June 10, 2022, thereby injuring investors.
If you purchased 17 E&T securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at www.howardsmithlaw.com.
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Law Offices of Howard G. Smith
Howard G. Smith, Esquire