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

Equities researchers at StockNews.com began coverage on shares of 51Talk Online Education Group (NYSE:COE) in a note issued to investors on Tuesday. The brokerage set a “hold” rating on the stock.

51Talk Online Education Group Stock Up 7.9 %

COE stock opened at $20.50 on Tuesday. The business has a 50 day moving average price of $15.68 and a 200 day moving average price of $14.54. The stock has a market cap of $117.30 million, a price-to-earnings ratio of -8.69 and a beta of -0.68. 51Talk Online Education Group has a fifty-two week low of $6.00 and a fifty-two week high of $20.50.

Institutional Inflows and Outflows

An institutional investor recently raised its position in 51Talk Online Education Group stock. Rhumbline Advisers boosted its position in shares of 51Talk Online Education Group (NYSE:COE) by 254.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,500 shares of the company’s stock after buying 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 SEC filing.

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.