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

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

51Talk Online Education Group Stock Down 2.1 %

Shares of 51Talk Online Education Group stock opened at $20.06 on Tuesday. 51Talk Online Education Group has a 52-week low of $6.00 and a 52-week high of $20.50. The company has a 50 day moving average of $15.75 and a 200 day moving average of $14.58. The company has a market capitalization of $114.78 million, a P/E ratio of -8.50 and a beta of -0.68.

Hedge Funds Weigh In On 51Talk Online Education Group

An institutional investor recently raised its position in 51Talk Online Education Group stock. Rhumbline Advisers raised its stake in 51Talk Online Education Group (NYSE:COE) by 254.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & 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 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.