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

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

51Talk Online Education Group Stock Down 10.3 %

Shares of NYSE:COE opened at $13.00 on Friday. 51Talk Online Education Group has a 52 week low of $6.00 and a 52 week high of $19.75. The company has a 50-day moving average price of $14.92 and a 200 day moving average price of $13.07. The company has a market cap of $74.36 million, a P/E ratio of -5.51 and a beta of -0.64.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in 51Talk Online Education Group stock. Rhumbline Advisers increased its stake in 51Talk Online Education Group (NYSE:COE) by 254.6% in the second quarter, according to its most recent 13F 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 quarter. Rhumbline Advisers’ holdings in 51Talk Online Education Group were worth $33,000 at the end of the most recent quarter.

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.