51Talk Online Education Group (NYSE:COE) Lifted to “Hold” at StockNews.com

StockNews.com upgraded shares of 51Talk Online Education Group (NYSE:COE) from a sell rating to a hold rating in a report released on Monday morning.

51Talk Online Education Group Stock Up 2.1 %

NYSE:COE opened at $13.99 on Monday. The firm has a market capitalization of $80.05 million, a P/E ratio of -5.28 and a beta of -0.57. The company has a fifty day moving average of $13.46 and a 200 day moving average of $9.24. 51Talk Online Education Group has a 52 week low of $6.00 and a 52 week high of $19.75.

51Talk Online Education Group (NYSE:COE) last posted its earnings results on Wednesday, June 12th. The company reported ($0.65) earnings per share (EPS) for the quarter. The firm had revenue of $9.45 million during the quarter.

Institutional Investors Weigh In On 51Talk Online Education Group

A hedge fund recently raised its stake in 51Talk Online Education Group stock. Rhumbline Advisers raised its stake in 51Talk Online Education Group (NYSE:COE) by 254.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,500 shares of the company’s stock after acquiring 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.