StockNews.com Initiates Coverage on 51Talk Online Education Group (NYSE:COE)

Equities research analysts at StockNews.com began coverage on shares of 51Talk Online Education Group (NYSE:COE) in a research report issued on Wednesday. The brokerage set a “hold” rating on the stock.

51Talk Online Education Group Stock Performance

Shares of 51Talk Online Education Group stock traded down $0.43 during trading on Wednesday, hitting $14.25. 5,930 shares of the stock traded hands, compared to its average volume of 9,257. The stock has a market cap of $81.54 million, a P/E ratio of -6.04 and a beta of -0.64. The company has a fifty day moving average price of $15.21 and a two-hundred day moving average price of $12.39. 51Talk Online Education Group has a twelve month low of $6.00 and a twelve month high of $19.75.

51Talk Online Education Group (NYSE:COE) last posted its earnings results on Friday, August 23rd. The company reported ($0.22) EPS for the quarter. The business had revenue of $10.96 million for the quarter.

Institutional Investors Weigh In On 51Talk Online Education Group

An institutional investor recently raised its position in 51Talk Online Education Group stock. Rhumbline Advisers raised its position in 51Talk Online Education Group (NYSE:COE) by 254.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,500 shares of the company’s stock after buying an additional 1,795 shares during the period. Rhumbline Advisers’ holdings in 51Talk Online Education Group were worth $33,000 as of its most recent SEC filing.

51Talk Online Education Group Company Profile

51Talk Online Education Group, through its subsidiaries, provides online English language education services to students in the People's Republic of China, the Philippines, and internationally. The company operates online and mobile education platforms that enable students to take live interactive English and Chinese lessons.