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

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

51Talk Online Education Group Stock Performance

Shares of 51Talk Online Education Group stock opened at $17.00 on Monday. The business’s 50 day moving average price is $15.10 and its 200 day moving average price is $14.05. The company has a market cap of $97.27 million, a price-to-earnings ratio of -7.20 and a beta of -0.68. 51Talk Online Education Group has a one year low of $6.00 and a one year high of $19.75.

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 position in shares of 51Talk Online Education Group (NYSE:COE) by 254.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 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.