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

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

51Talk Online Education Group Stock Performance

Shares of COE stock opened at $19.97 on Friday. 51Talk Online Education Group has a fifty-two week low of $6.00 and a fifty-two week high of $21.97. The company has a 50 day moving average price of $17.07 and a 200 day moving average price of $15.51. The stock has a market capitalization of $114.23 million, a P/E ratio of -11.16 and a beta of -0.84.

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% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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.