Share Repurchase Program Authorized by 51Talk Online Education Group (NYSE:COE) Board

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

51Talk Online Education Group Stock Performance

Shares of COE stock opened at $36.90 on Thursday. 51Talk Online Education Group has a fifty-two week low of $13.49 and a fifty-two week high of $56.13. The firm has a market capitalization of $215.75 million, a PE ratio of -20.61 and a beta of 0.27. The stock’s 50-day simple moving average is $44.11 and its 200-day simple moving average is $37.16.

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

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.