Shares of 51Talk Online Education Group (NYSE:COE – Get Free Report) rose 0.9% during trading on Tuesday . The stock traded as high as $17.54 and last traded at $16.15. Approximately 19,710 shares were traded during trading, an increase of 128% from the average daily volume of 8,645 shares. The stock had previously closed at $16.00.
51Talk Online Education Group Stock Performance
The firm’s 50 day moving average price is $21.93 and its two-hundred day moving average price is $24.38. The company has a market cap of $99.93 million, a P/E ratio of -9.33 and a beta of 0.75.
Institutional Investors 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 stake in shares of 51Talk Online Education Group (NYSE:COE – Free Report) by 74.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 approximately 0.65% of 51Talk Online Education Group worth $1,247,000 as of its most recent filing with the Securities and Exchange Commission.
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.
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