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

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

51Talk Online Education Group Stock Performance

NYSE:COE opened at $20.00 on Thursday. The stock has a market capitalization of $114.40 million, a P/E ratio of -11.17 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 $21.97. The company’s 50-day simple moving average is $16.53 and its 200-day simple moving average is $15.22.

Hedge Funds Weigh In On 51Talk Online Education Group

An institutional investor recently raised its position in 51Talk Online Education Group stock. Rhumbline Advisers grew its stake in 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 purchasing an additional 1,795 shares during the quarter. Rhumbline Advisers’ holdings in 51Talk Online Education Group were worth $33,000 as of its most recent SEC filing.

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.