51Talk Online Education Group (NYSE:COE) Shares Down 1.2% - Time to Sell?

Key Points

• 51Talk Online Education Group shares fell by 1.2% to trade at $44.25, with a significant decrease in trading volume, down 43% from the average session.
• The company reported a quarterly earnings loss of ($0.52) EPS, worsening from a loss of ($0.22) EPS in the same quarter last year.
• JPMorgan Chase & Co. has increased its stake in 51Talk by 74.6%, thus owning about 0.65% of the company valued at approximately $1.25 million.

Shares of 51Talk Online Education Group (NYSE:COE - Get Free Report) traded down 1.2% on Tuesday . The company traded as low as $43.70 and last traded at $44.25. 8,366 shares traded hands during mid-day trading, a decline of 43% from the average session volume of 14,631 shares. The stock had previously closed at $44.81.

51Talk Online Education Group Stock Performance

The stock has a market cap of $258.73 million, a price-to-earnings ratio of -24.72 and a beta of 0.16. The company has a 50-day simple moving average of $38.02 and a two-hundred day simple moving average of $28.01.

51Talk Online Education Group (NYSE:COE - Get Free Report) last released its quarterly earnings data on Wednesday, September 3rd. The company reported ($0.52) EPS for the quarter. During the same quarter in the prior year, the business earned ($0.22) earnings per share.

Institutional Trading of 51Talk Online Education Group

A hedge fund recently raised its stake in 51Talk Online Education Group stock. JPMorgan Chase & Co. boosted its stake in shares of 51Talk Online Education Group (NYSE:COE - Free Report) by 74.6% in the second quarter, according to the company in its most recent Form 13F 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 quarter. 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.

About 51Talk Online Education Group

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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