StockNews.com started coverage on shares of 51Talk Online Education Group (NYSE:COE - Free Report) in a report released on Wednesday. The brokerage issued a hold rating on the stock.
51Talk Online Education Group Stock Performance
COE remained flat at $20.00 on Wednesday. The company had a trading volume of 30,809 shares, compared to its average volume of 15,002. The company has a 50 day moving average price of $16.01 and a two-hundred day moving average price of $14.88. 51Talk Online Education Group has a fifty-two week low of $6.00 and a fifty-two week high of $20.95. The company has a market cap of $114.44 million, a P/E ratio of -8.47 and a beta of -0.84.
Institutional Trading of 51Talk Online Education Group
A hedge fund recently raised its stake in 51Talk Online Education Group stock. Rhumbline Advisers increased its position in shares of 51Talk Online Education Group (NYSE:COE - Free Report) by 254.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,500 shares of the company's stock after purchasing an additional 1,795 shares during the period. Rhumbline Advisers' holdings in 51Talk Online Education Group were worth $33,000 as of its most recent filing with the Securities and Exchange Commission.
About 51Talk Online Education Group
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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.
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