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

Research analysts at StockNews.com began coverage on shares of 51Talk Online Education Group (NYSE:COE) in a research report issued to clients and investors on Wednesday. The brokerage set a “hold” rating on the stock.

51Talk Online Education Group Stock Down 2.9 %

COE traded down $0.43 during trading on Wednesday, reaching $14.25. The stock had a trading volume of 5,930 shares, compared to its average volume of 9,257. 51Talk Online Education Group has a 1-year low of $6.00 and a 1-year high of $19.75. The stock has a 50 day moving average of $15.21 and a two-hundred day moving average of $12.39. The firm 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 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.

Hedge Funds Weigh In On 51Talk Online Education Group

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