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 issued to clients and investors on Friday. The brokerage set a “hold” rating on the stock.

51Talk Online Education Group Stock Performance

COE stock 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 market capitalization of $74.39 million, a P/E ratio of -5.51 and a beta of -0.64. The company has a fifty day moving average price of $14.92 and a 200-day moving average price of $13.03.

Institutional Investors Weigh In On 51Talk Online Education Group

An institutional investor recently raised its position in 51Talk Online Education Group stock. Rhumbline Advisers lifted its position in 51Talk Online Education Group (NYSE:COE) by 254.6% in the second quarter, according to its most recent filing with the Securities and 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.