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

Analysts at StockNews.com initiated coverage on shares of 51Talk Online Education Group (NYSE:COE) in a note issued to investors on Wednesday. The brokerage set a “hold” rating on the stock.

51Talk Online Education Group Stock Performance

NYSE COE opened at $20.00 on Wednesday. The firm has a market capitalization of $114.44 million, a price-to-earnings ratio of -8.47 and a beta of -0.84. 51Talk Online Education Group has a one year low of $6.00 and a one year high of $20.95. The company’s 50 day moving average price is $15.93 and its 200 day moving average price is $14.81.

Hedge Funds Weigh In On 51Talk Online Education Group

A hedge fund recently bought a new stake in 51Talk Online Education Group stock. Garden State Investment Advisory Services LLC acquired a new position in 51Talk Online Education Group (NYSE:COE) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 137,352 shares of the company’s stock, valued at approximately $2,269,000. Garden State Investment Advisory Services LLC owned 2.40% of 51Talk Online Education Group 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.