51Talk Online Education Group (NYSE:COE) Stock Price Passes Below 50-Day Moving Average – Time to Sell?

51Talk Online Education Group (NYSE:COE) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $20.06 and traded as low as $16.72. 51Talk Online Education Group shares last traded at $16.72, with a volume of 11,247 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of 51Talk Online Education Group in a report on Monday, February 17th. They set a “hold” rating on the stock.

51Talk Online Education Group Trading Down 9.4 %

The firm has a market cap of $95.67 million, a price-to-earnings ratio of -9.34 and a beta of -0.81. The stock has a fifty day moving average price of $20.06 and a 200 day moving average price of $16.77.

Institutional Investors Weigh In On 51Talk Online Education Group

A hedge fund recently bought a new stake in 51Talk Online Education Group stock. Garden State Investment Advisory Services LLC purchased a new position in shares of 51Talk Online Education Group (NYSE:COE) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 137,352 shares of the company’s stock, valued at approximately $2,269,000. Garden State Investment Advisory Services LLC owned about 2.40% of 51Talk Online Education Group as of its most recent SEC filing.

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.