51Talk Online Education Group (NYSE:COE) Shares Climb 5.9% – Here’s Why

51Talk Online Education Group (NYSE:COE)’s share price traded up 5.9% during mid-day trading on Thursday. The company traded as high as $11.26 and last traded at $11.26. 27,213 shares were traded during mid-day trading, an increase of 41% from the average daily volume of 19,355 shares. The stock had previously closed at $10.63.

51Talk Online Education Group Stock Performance

The firm has a market capitalization of $67.38 million, a P/E ratio of -6.29 and a beta of 0.83. The stock has a 50 day moving average of $11.41 and a 200-day moving average of $19.06.

51Talk Online Education Group Company Profile

51Talk Online Education Group, formerly known as China Online Education Group, operates an online education platform focused primarily on English-language instruction. The company provides live, teacher-led lessons through internet and mobile platforms, connecting students with international English teachers for individual and group classes. Its services have historically included English instruction for children and other learners, supported by digital course materials, learning tools and education management systems.