51Talk Online Education Group (NYSE:COE) Stock Price Crosses Below 50 Day Moving Average – Here’s What Happened

51Talk Online Education Group (NYSE:COE)’s share price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $20.09 and traded as low as $19.50. 51Talk Online Education Group shares last traded at $19.88, with a volume of 2,983 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on 51Talk Online Education Group in a research report on Monday, February 17th. They issued a “hold” rating for the company.

51Talk Online Education Group Stock Up 0.5 %

The company has a market cap of $114.33 million, a price-to-earnings ratio of -11.16 and a beta of -0.33. The firm has a 50 day moving average price of $20.10 and a two-hundred day moving average price of $17.04.

Institutional Investors Weigh In On 51Talk Online Education Group

An institutional investor recently bought a new position in 51Talk Online Education Group stock. Garden State Investment Advisory Services LLC bought a new position in shares of 51Talk Online Education Group (NYSE:COE) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 137,352 shares of the company’s stock, valued at approximately $2,269,000. Garden State Investment Advisory Services LLC owned 2.40% of 51Talk Online Education Group 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.