51Talk Online Education Group (NYSE:COE) Shares Down 9.3% – Time to Sell?
by Michael Walen · The Markets Daily51Talk Online Education Group (NYSE:COE – Get Free Report) dropped 9.3% on Tuesday . The company traded as low as $25.13 and last traded at $25.80. Approximately 14,040 shares changed hands during trading, an increase of 188% from the average daily volume of 4,878 shares. The stock had previously closed at $28.45.
51Talk Online Education Group Stock Performance
The company has a 50 day moving average of $35.51 and a 200-day moving average of $38.15. The stock has a market cap of $150.85 million, a price-to-earnings ratio of -14.41 and a beta of 0.29.
51Talk Online Education Group (NYSE:COE – Get Free Report) last issued its quarterly earnings results on Monday, December 8th. The company reported ($0.80) earnings per share for the quarter. During the same period in the prior year, the firm posted ($0.11) earnings per share.
51Talk Online Education Group announced that its board has approved a share repurchase plan on Monday, December 8th that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
Institutional Trading of 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% in the second quarter, according to its most recent filing with the SEC. The fund owned 37,802 shares of the company’s stock after acquiring an additional 16,150 shares during the period. JPMorgan Chase & Co. owned about 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 (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.