51Talk Online Education Group (NYSE:COE) Trading Down 1.1% - What's Next?

Key Points

• 51Talk Online Education Group's stock price decreased by 1.1%, trading between $54.08 and $54.97, with a significant drop in trading volume, down 79% from average levels.
• The company reported a quarterly earnings per share of ($0.52), worsening from a loss of ($0.22) per share in the same quarter last year.
• JPMorgan Chase & Co. increased its stake in 51Talk by 74.6%, acquiring an additional 16,150 shares to hold approximately 0.65% of the company.

51Talk Online Education Group (NYSE:COE - Get Free Report)'s stock price fell 1.1% during mid-day trading on Tuesday . The company traded as low as $54.08 and last traded at $54.97. 2,972 shares were traded during trading, a decline of 79% from the average session volume of 14,127 shares. The stock had previously closed at $55.56.

51Talk Online Education Group Trading Down 1.1%

The stock has a 50 day moving average of $41.98 and a 200-day moving average of $30.40. The company has a market capitalization of $321.41 million, a P/E ratio of -30.71 and a beta of 0.17.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in 51Talk Online Education Group stock. JPMorgan Chase & Co. lifted 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 filing with the Securities and Exchange Commission. The firm owned 37,802 shares of the company's stock after acquiring an additional 16,150 shares during the quarter. 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.

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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