51Talk Online Education Group (NYSE:COE – Get Free Report) released quarterly earnings data on Friday. The company reported earnings per share of $0.81 for the quarter. The business had revenue of $7.66 million for the quarter. 51Talk Online Education Group's return on equity was 1,347.36% and its net profit margin was negative at 50.47%.
51Talk Online Education Group up 2.6%
NYSE COE began trading at $7.00 on Monday. 51Talk Online Education Group has a 12-month low of $4.40 and a 12-month high of $9.24. The company's 50 day simple moving average is $7.00 and its 200 day simple moving average is $7.71.
Analyst upgrades and downgrades
Separately, StockNews.com began coverage on 51Talk Online Education Group in a research report on Saturday. They issued a “hold” rating on the company.
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51Talk Online Education Group Institutional Trading
Hedge funds have recently modified their holdings in the company. UBS Group AG grew its position in 51Talk Online Education Group by 179.1% in the 4th quarter. UBS Group AG now owns 7,836 shares of the company's stock valued at $49,000 after purchasing an additional 5,028 shares during the period. Renaissance Technologies LLC boosted its position in shares of 51Talk Online Education Group by 2.5% in the 2nd quarter. Renaissance Technologies LLC now owns 290,500 shares of the company's stock worth $401,000 after acquiring an additional 7,000 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in 51Talk Online Education Group by 193.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 55,979 shares of the company's stock valued at $98,000 after acquiring an additional 36,885 shares during the period.
About 51Talk Online Education Group
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51Talk Online Education Group, through its subsidiaries, provides online English education services to students in the People's Republic of China, the Philippines, and overseas. The company operates an online and mobile education platform where students can take interactive live lessons in English and Chinese.
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