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

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

51Talk Online Education Group Stock Down 2.0 %

COE opened at $6.47 on Tuesday. The firm has a market cap of $36.43 million, a price-to-earnings ratio of -2.66 and a beta of -0.62. 51Talk Online Education Group has a fifty-two week low of $4.65 and a fifty-two week high of $9.24. The company’s 50-day moving average price is $6.82 and its 200 day moving average price is $7.47.

51Talk Online Education Group (NYSE:COE) last released its quarterly earnings data on Friday, March 22nd. The company reported ($0.81) earnings per share for the quarter. The business had revenue of $7.66 million for the quarter. 51Talk Online Education Group had a negative return on equity of 463.20% and a negative net margin of 50.47%.

Institutional Investors Weigh In On 51Talk Online Education Group

Large investors have recently made changes to their positions in the company. UBS Group AG increased its stake in shares of 51Talk Online Education Group by 179.1% in the fourth quarter. UBS Group AG now owns 7,836 shares of the company’s stock valued at $49,000 after purchasing an additional 5,028 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of 51Talk Online Education Group by 193.2% in the first quarter. Envestnet Asset Management Inc. now owns 55,979 shares of the company’s stock valued at $98,000 after acquiring an additional 36,885 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of 51Talk Online Education Group by 2.5% in the second quarter. Renaissance Technologies LLC now owns 290,500 shares of the company’s stock valued at $401,000 after acquiring an additional 7,000 shares in the last 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.