51Talk Online Education Group (NYSE:COE) Stock Price Crosses Below 50 Day Moving Average – Here’s What Happened

Shares of 51Talk Online Education Group (NYSE:COE) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $20.09 and traded as low as $19.50. 51Talk Online Education Group shares last traded at $19.88, with a volume of 2,983 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on 51Talk Online Education Group in a report on Monday, February 17th. They issued a “hold” rating on the stock.

51Talk Online Education Group Price Performance

The stock has a fifty day moving average price of $20.10 and a two-hundred day moving average price of $17.04. The company has a market cap of $114.33 million, a P/E ratio of -11.16 and a beta of -0.33.

Institutional Trading of 51Talk Online Education Group

An institutional investor recently bought a new position in 51Talk Online Education Group stock. Garden State Investment Advisory Services LLC purchased a new position in shares of 51Talk Online Education Group (NYSE:COE) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 137,352 shares of the company’s stock, valued at approximately $2,269,000. Garden State Investment Advisory Services LLC owned 2.40% of 51Talk Online Education Group 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.