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

Key Points

• 51Talk Online Education Group reported a quarterly loss of ($0.52) earnings per share, reflecting ongoing financial challenges.
• The company's stock saw a noticeable increase of 3.8%, reaching $40.57, with significant trading volume compared to its average.
• JPMorgan Chase & Co. has increased its investment in 51Talk by 74.6%, now owning approximately 0.65% of the company's shares.

51Talk Online Education Group (NYSE:COE - Get Free Report) released its quarterly earnings data on Wednesday. The company reported ($0.52) earnings per share for the quarter, RTT News reports.

51Talk Online Education Group Stock Up 3.8%

NYSE COE traded up $1.48 on Wednesday, hitting $40.57. The stock had a trading volume of 39,725 shares, compared to its average volume of 14,574. 51Talk Online Education Group has a one year low of $12.98 and a one year high of $46.79. The stock has a market cap of $237.21 million, a price-to-earnings ratio of -22.66 and a beta of 0.16. The company's 50-day moving average is $31.87 and its two-hundred day moving average is $24.37.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in 51Talk Online Education Group stock. JPMorgan Chase & Co. increased its stake in 51Talk Online Education Group (NYSE:COE - Free Report) by 74.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,802 shares of the company's stock after acquiring an additional 16,150 shares during the period. JPMorgan Chase & Co. owned approximately 0.65% of 51Talk Online Education Group worth $1,247,000 at the end of the most recent reporting period.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of 51Talk Online Education Group from a "buy" rating to a "hold" rating in a research note on Sunday, May 18th.

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.

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