51Talk Online Education Group (NYSE:COE) Stock Price Passes Below Fifty Day Moving Average – What’s Next?

51Talk Online Education Group (NYSE:COE)’s share price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $45.91 and traded as low as $44.80. 51Talk Online Education Group shares last traded at $45.4250, with a volume of 100 shares.

51Talk Online Education Group Stock Up 0.5%

The stock has a fifty day simple moving average of $45.91 and a 200-day simple moving average of $34.01. The company has a market capitalization of $263.38 million, a P/E ratio of -25.16 and a beta of 0.27.

51Talk Online Education Group (NYSE:COE) last announced its earnings results on Wednesday, September 3rd. The company reported ($0.52) earnings per share (EPS) for the quarter. During the same period last year, the business posted ($0.22) EPS.

Institutional Investors Weigh In On 51Talk Online Education Group

A hedge fund recently raised its stake in 51Talk Online Education Group stock. JPMorgan Chase & Co. grew its holdings in 51Talk Online Education Group (NYSE:COE) by 74.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 37,802 shares of the company’s stock after buying an additional 16,150 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.65% of 51Talk Online Education Group worth $1,247,000 at the end of the most recent reporting period.

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.