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

StockNews.com assumed coverage on shares of 51Talk Online Education Group (NYSE:COE) in a research note issued to investors on Wednesday morning. The brokerage issued a hold rating on the stock.

51Talk Online Education Group Trading Down 2.9 %

Shares of NYSE:COE opened at $14.25 on Wednesday. The firm’s 50-day moving average is $15.21 and its 200 day moving average is $12.39. 51Talk Online Education Group has a 12 month low of $6.00 and a 12 month high of $19.75. The company has a market capitalization of $81.54 million, a price-to-earnings ratio of -6.04 and a beta of -0.64.

51Talk Online Education Group (NYSE:COE) last issued its quarterly earnings data 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 Investors Weigh In On 51Talk Online Education Group

An institutional investor recently raised its position in 51Talk Online Education Group stock. Rhumbline Advisers lifted its position in shares of 51Talk Online Education Group (NYSE:COE) by 254.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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.

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.