51Talk Online Education Group (NYSE:COE) Now Covered by StockNews.com

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

51Talk Online Education Group Trading Up 5.7 %

Shares of 51Talk Online Education Group stock opened at $19.00 on Tuesday. The stock has a market capitalization of $108.72 million, a price-to-earnings ratio of -8.05 and a beta of -0.68. The firm’s 50-day moving average price is $15.42 and its two-hundred day moving average price is $14.41. 51Talk Online Education Group has a 1-year low of $6.00 and a 1-year high of $19.75.

Institutional Investors Weigh In On 51Talk Online Education Group

A hedge fund recently raised its stake in 51Talk Online Education Group stock. Rhumbline Advisers lifted its holdings in 51Talk Online Education Group (NYSE:COE) by 254.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,500 shares of the company’s stock after buying 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.

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.