51Talk Online Education Group (NYSE:COE) Announces Earnings Results

51Talk Online Education Group (NYSE:COE) announced its earnings results on Monday. The company reported ($0.80) earnings per share (EPS) for the quarter, RTT News reports.

51Talk Online Education Group Price Performance

COE traded down $5.03 during trading on Monday, reaching $36.21. The company had a trading volume of 38,815 shares, compared to its average volume of 13,838. The business’s fifty day moving average price is $44.37 and its 200 day moving average price is $37.04. 51Talk Online Education Group has a 12 month low of $13.06 and a 12 month high of $56.13. The company has a market cap of $211.72 million, a P/E ratio of -20.23 and a beta of 0.27.

Hedge Funds Weigh In On 51Talk Online Education Group

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

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.