51Talk Online Education Group (NYSE:COE) Stock Price Crosses Below 50-Day Moving Average – Here’s What Happened

Shares of 51Talk Online Education Group (NYSE:COE) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $14.55 and traded as low as $14.54. 51Talk Online Education Group shares last traded at $14.54, with a volume of 600 shares.

Analysts Set New Price Targets

Separately, StockNews.com upgraded 51Talk Online Education Group from a “sell” rating to a “hold” rating in a research note on Monday, August 26th.

51Talk Online Education Group Price Performance

The business has a fifty day moving average price of $14.58 and a two-hundred day moving average price of $11.31. The firm has a market cap of $83.20 million, a PE ratio of -5.49 and a beta of -0.65.

51Talk Online Education Group (NYSE:COE) last issued its quarterly earnings data on Friday, August 23rd. The company reported ($0.22) earnings per share for the quarter. The firm had revenue of $10.96 million for the quarter.

Institutional Trading of 51Talk Online Education Group

An institutional investor recently raised its position in 51Talk Online Education Group stock. Rhumbline Advisers increased its position in shares of 51Talk Online Education Group (NYSE:COE) by 254.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,500 shares of the company’s stock after buying 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 filing with the Securities and Exchange Commission.

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.