51Talk Online Education Group (NYSE:COE) Stock Price Down 9.3% – What’s Next?

51Talk Online Education Group (NYSE:COE) fell 9.3% on Tuesday . The company traded as low as $25.13 and last traded at $25.80. 14,040 shares changed hands during trading, an increase of 188% from the average session volume of 4,878 shares. The stock had previously closed at $28.45.

51Talk Online Education Group Price Performance

The business has a 50 day simple moving average of $35.51 and a 200 day simple moving average of $38.15. The company has a market cap of $150.85 million, a price-to-earnings ratio of -14.41 and a beta of 0.29.

51Talk Online Education Group (NYSE:COE) last posted its quarterly earnings results on Monday, December 8th. The company reported ($0.80) earnings per share for the quarter. During the same period last year, the company earned ($0.11) EPS.

51Talk Online Education Group declared that its board has approved a stock buyback plan on Monday, December 8th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Institutional Investors Weigh In On 51Talk Online Education Group

An institutional investor recently raised its position in 51Talk Online Education Group stock. JPMorgan Chase & Co. raised its position 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 Securities & Exchange Commission. The firm owned 37,802 shares of the company’s stock after buying an additional 16,150 shares during the period. JPMorgan Chase & Co. owned about 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 (NYSE: COE) operates as an online English language learning platform, offering live one-on-one and small group instruction to students. The company leverages a proprietary digital classroom that connects learners predominantly in Mainland China with international instructors, primarily based in the Philippines. Its core offerings focus on English proficiency training for children and adults, covering general conversational skills, exam preparation, and business English.

The company’s service portfolio includes tailored course packages for different age groups, such as preschool learners, primary and secondary school students, and adult professionals.