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

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

51Talk Online Education Group Price Performance

51Talk Online Education Group stock opened at $19.88 on Friday. 51Talk Online Education Group has a 1 year low of $6.00 and a 1 year high of $21.97. The firm’s 50 day moving average price is $17.28 and its 200-day moving average price is $15.62. The stock has a market cap of $113.75 million, a P/E ratio of -11.11 and a beta of -0.84.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in 51Talk Online Education Group stock. Garden State Investment Advisory Services LLC purchased a new stake in shares of 51Talk Online Education Group (NYSE:COE) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 137,352 shares of the company’s stock, valued at approximately $2,269,000. Garden State Investment Advisory Services LLC owned about 2.40% of 51Talk Online Education Group at the end of the most recent quarter.

51Talk Online Education Group Company Profile

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.