51Talk Online Education Group (NYSE:COE) Shares Pass Above 50-Day Moving Average of $14.79

Shares of 51Talk Online Education Group (NYSE:COE) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $14.79 and traded as high as $17.04. 51Talk Online Education Group shares last traded at $16.70, with a volume of 10,716 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of 51Talk Online Education Group from a “sell” rating to a “hold” rating in a research note on Monday, August 26th.

51Talk Online Education Group Stock Up 3.0 %

The stock has a market cap of $95.56 million, a P/E ratio of -6.30 and a beta of -0.63. The firm has a 50 day simple moving average of $14.79 and a 200-day simple moving average of $10.44.

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

Institutional Trading of 51Talk Online Education Group

An institutional investor recently raised its position in 51Talk Online Education Group stock. Rhumbline Advisers grew its stake in shares of 51Talk Online Education Group (NYSE:COE) by 254.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,500 shares of the company’s stock after acquiring an additional 1,795 shares during the period. Rhumbline Advisers’ holdings in 51Talk Online Education Group were worth $33,000 at the end of the most recent quarter.

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.