51Talk Online Education Group (NYSE:COE) Coverage Initiated at StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of 51Talk Online Education Group (NYSE:COE) in a note issued to investors on Tuesday. The firm set a “hold” rating on the stock.

51Talk Online Education Group Trading Down 3.5 %

COE opened at $6.55 on Tuesday. 51Talk Online Education Group has a 1-year low of $4.65 and a 1-year high of $9.24. The company has a market cap of $36.88 million, a price-to-earnings ratio of -2.70 and a beta of -0.62. The company’s fifty day moving average price is $6.83 and its two-hundred day moving average price is $7.50.

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

Hedge Funds Weigh In On 51Talk Online Education Group

Several large investors have recently modified their holdings of the business. Renaissance Technologies LLC boosted its position 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 during the period. Envestnet Asset Management Inc. boosted its position 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 during the period. Finally, UBS Group AG boosted its position 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 acquiring an additional 5,028 shares during the 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.