Small Cap Gainers: YQ, CLS, TPB
3:16 pm Tuesday, July 27th, 2021
17 Education & Technology Group Inc-ADR (NASDAQ: YQ) continued volatility alongside various Chinese tutoring industry names; the stock moderates the approx. 55% decline it netted through the previous two sessions. The stock is now up 11% to $1.15. 17 Education & Technology Group Inc., an education technology company, provides K-12 online education service in the People’s Republic of China. It also offers online K-12 large-class after-school tutoring services on development of course syllabi and content and adaptation for live classes areas. The company was incorporated in 2012 and is headquartered in Beijing, the People’s Republic of China.
Celestica Inc (NYSE: CLS) surged 16% after the company posted upside results for Q2 and issue upside guidance for Q3 EPS. Results benefited from higher Hardware Platform Solutions concentration and strong performance from co’s Capital Equipment business. Co expects that robust secular tailwinds, strong operational performance, and the ramping of new programs will bode well for it as it looks to 2022; co is targeting generation of $6 billion or more of revs for 2022.
Turning Point Brands Inc (NYSE: TPB) topped consensus for Q2 EPS and revs. Net sales increased +16.8% yr/yr while adj. EBITDA increased +31.7%; results were supported by growth of +72.3% for its Zig-Zag Products segment. Raised its FY21 revs guidance above consensus. At three-month highs. The stock is gained 11% to $52.
