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

Investment analysts at StockNews.com started coverage on shares of 51Talk Online Education Group (NYSE:COE) in a research report issued on Sunday. The firm set a “hold” rating on the stock.

51Talk Online Education Group Stock Performance

COE opened at $16.75 on Friday. The business’s 50-day simple moving average is $14.69 and its 200 day simple moving average is $13.52. The firm has a market capitalization of $95.81 million, a PE ratio of -7.10 and a beta of -0.68. 51Talk Online Education Group has a 52-week low of $6.00 and a 52-week high of $19.75.

Hedge Funds Weigh In On 51Talk Online Education Group

A hedge fund recently raised its stake in 51Talk Online Education Group stock. Rhumbline Advisers increased its stake in 51Talk Online Education Group (NYSE:COE) by 254.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period.

About 51Talk Online Education Group

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.