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

by · The Cerbat Gem

StockNews.com assumed coverage on shares of 51Talk Online Education Group (NYSE:COE – Free Report) in a research report sent to investors on Wednesday morning. The firm issued a hold rating on the stock.

51Talk Online Education Group Stock Performance

Shares of COE opened at $14.68 on Wednesday. 51Talk Online Education Group has a 52 week low of $6.00 and a 52 week high of $19.75. The firm’s 50-day simple moving average is $15.20 and its 200 day simple moving average is $12.47. The firm has a market cap of $83.97 million, a P/E ratio of -6.22 and a beta of -0.64.

51Talk Online Education Group (NYSE:COE – Get Free Report) last issued its quarterly earnings data on Friday, August 23rd. The company reported ($0.22) earnings per share 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 grew its stake in shares of 51Talk Online Education Group (NYSE:COE – Free Report) by 254.6% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 2,500 shares of the company’s stock after acquiring an additional 1,795 shares during the quarter. Rhumbline Advisers’ holdings in 51Talk Online Education Group were worth $33,000 as of its most recent SEC filing.

About 51Talk Online Education Group

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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.

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