51Talk Online Education Group (NYSE:COE) Board of Directors Announces Stock Buyback Program

51Talk Online Education Group (NYSE:COE) announced that its Board of Directors has authorized a share buyback program on Monday, December 8th, RTT News reports. The company plans to repurchase $0.00 in shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

51Talk Online Education Group Stock Down 12.2%

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

51Talk Online Education Group (NYSE:COE) last announced its quarterly earnings results on Monday, December 8th. The company reported ($0.80) earnings per share for the quarter.

51Talk Online Education Group Company Profile

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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.