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

Research analysts at StockNews.com started coverage on shares of 51Talk Online Education Group (NYSE:COE) in a note issued to investors on Friday. The firm set a “hold” rating on the stock.

51Talk Online Education Group Trading Down 10.3 %

NYSE:COE opened at $13.00 on Friday. The firm has a 50 day moving average of $14.92 and a 200-day moving average of $13.03. 51Talk Online Education Group has a 1 year low of $6.00 and a 1 year high of $19.75. The stock has a market capitalization of $74.39 million, a P/E ratio of -5.51 and a beta of -0.64.

Institutional Inflows and Outflows

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 2nd quarter, according to its most recent filing with the SEC. The institutional investor 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 as of its most recent filing with the SEC.

About 51Talk Online Education Group

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.