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

51Talk Online Education Group (NYSE:COE) announced its quarterly earnings results on Monday. The company reported ($0.80) earnings per share (EPS) for the quarter, RTT News reports.

51Talk Online Education Group Stock Down 12.2%

NYSE COE traded down $5.03 on Monday, reaching $36.21. 38,815 shares of the stock traded hands, compared to its average volume of 13,838. 51Talk Online Education Group has a 12 month low of $13.06 and a 12 month high of $56.13. The company has a market cap of $211.72 million, a price-to-earnings ratio of -20.23 and a beta of 0.27. The firm’s fifty day simple moving average is $44.37 and its 200 day simple moving average is $37.04.

Institutional Inflows and Outflows

An institutional investor recently raised its position in 51Talk Online Education Group stock. JPMorgan Chase & Co. raised its holdings in shares of 51Talk Online Education Group (NYSE:COE) by 74.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund 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.

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.