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

51Talk Online Education Group (NYSE:COE) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $31.60 and traded as low as $26.77. 51Talk Online Education Group shares last traded at $26.89, with a volume of 1,889 shares changing hands.

51Talk Online Education Group Stock Performance

The business’s fifty day simple moving average is $31.60 and its 200 day simple moving average is $37.72. The stock has a market cap of $156.90 million, a price-to-earnings ratio of -14.99 and a beta of 0.25.

51Talk Online Education Group (NYSE:COE) last released its earnings results on Monday, December 8th. The company reported ($0.80) EPS for the quarter. During the same period in the prior year, the company earned ($0.11) earnings per share.

51Talk Online Education Group announced that its Board of Directors has authorized a stock buyback plan on Monday, December 8th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Hedge Funds Weigh In On 51Talk Online Education Group

An institutional investor recently raised its position in 51Talk Online Education Group stock. JPMorgan Chase & Co. grew its holdings in 51Talk Online Education Group (NYSE:COE) by 74.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,802 shares of the company’s stock after purchasing an additional 16,150 shares during the period. JPMorgan Chase & Co. owned about 0.65% of 51Talk Online Education Group worth $1,247,000 as of its most recent SEC filing.

About 51Talk Online Education Group

51Talk Online Education Group (NYSE: COE) operates as an online English language learning platform, offering live one-on-one and small group instruction to students. The company leverages a proprietary digital classroom that connects learners predominantly in Mainland China with international instructors, primarily based in the Philippines. Its core offerings focus on English proficiency training for children and adults, covering general conversational skills, exam preparation, and business English.

The company’s service portfolio includes tailored course packages for different age groups, such as preschool learners, primary and secondary school students, and adult professionals.