51Talk Online Education Group (NYSE:COE) Coverage Initiated at StockNews.com

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

51Talk Online Education Group Stock Down 7.9 %

NYSE COE opened at $14.30 on Thursday. The stock’s 50-day moving average price is $15.18 and its 200-day moving average price is $12.66. 51Talk Online Education Group has a 52 week low of $6.00 and a 52 week high of $19.75. The company has a market capitalization of $81.80 million, a P/E ratio of -6.06 and a beta of -0.64.

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

Institutional Investors Weigh In On 51Talk Online Education Group

A hedge fund recently raised its stake in 51Talk Online Education Group stock. Rhumbline Advisers raised its position in shares of 51Talk Online Education Group (NYSE:COE) by 254.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities & Exchange Commission.

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.