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

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

51Talk Online Education Group Trading Down 1.0 %

Shares of 51Talk Online Education Group stock opened at $20.00 on Wednesday. The stock has a market capitalization of $114.44 million, a price-to-earnings ratio of -8.47 and a beta of -0.84. 51Talk Online Education Group has a twelve month low of $6.00 and a twelve month high of $20.95. The business’s 50 day simple moving average is $15.93 and its 200-day simple moving average is $14.81.

Institutional Inflows and Outflows

An institutional investor recently raised its position in 51Talk Online Education Group stock. Rhumbline Advisers grew its holdings in shares of 51Talk Online Education Group (NYSE:COE) by 254.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,500 shares of the company’s stock after purchasing 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 reporting period.

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.