51Talk Online Education Group (NYSE:COE) Stock Crosses Below 50 Day Moving Average – Should You Sell?

51Talk Online Education Group (NYSE:COE)’s share price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $20.34 and traded as low as $20.01. 51Talk Online Education Group shares last traded at $21.01, with a volume of 12,032 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of 51Talk Online Education Group in a research report on Monday, February 17th. They issued a “hold” rating for the company.

51Talk Online Education Group Price Performance

The stock has a fifty day moving average of $20.34 and a 200 day moving average of $17.55. The firm has a market capitalization of $120.22 million, a P/E ratio of -11.74 and a beta of -0.33.

51Talk Online Education Group (NYSE:COE) last released its earnings results on Friday, March 21st. The company reported ($0.99) EPS for the quarter. During the same period in the prior year, the company posted ($0.24) earnings per share.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in 51Talk Online Education Group stock. Garden State Investment Advisory Services LLC acquired a new stake in shares of 51Talk Online Education Group (NYSE:COE) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 137,352 shares of the company’s stock, valued at approximately $2,269,000. Garden State Investment Advisory Services LLC owned 2.40% of 51Talk Online Education Group at the end of the most recent quarter.

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.